Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lowered its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 24.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 121,532 shares of the technology company’s stock after selling 38,502 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Hewlett Packard Enterprise were worth $2,595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HPE. Hara Capital LLC purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at $28,000. Tandem Financial LLC purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $32,000. Conquis Financial LLC purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $41,000. R Squared Ltd acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth about $45,000. Finally, Tompkins Financial Corp lifted its holdings in shares of Hewlett Packard Enterprise by 397.9% in the 4th quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company’s stock valued at $61,000 after purchasing an additional 2,300 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.6%

NYSE HPE opened at $17.81 on Thursday. Hewlett Packard Enterprise has a 52-week low of $11.97 and a 52-week high of $24.66. The firm has a 50-day moving average price of $15.56 and a 200 day moving average price of $19.41. The stock has a market capitalization of $23.39 billion, a P/E ratio of 9.37, a P/E/G ratio of 2.03 and a beta of 1.29. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were issued a $0.13 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 2.92%. Hewlett Packard Enterprise’s dividend payout ratio is currently 25.37%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Susquehanna dropped their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Loop Capital lowered their target price on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. Daiwa America downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Barclays decreased their price target on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.60.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.