LSV Asset Management Sells 645,080 Shares of Hewlett Packard Enterprise (NYSE:HPE)

LSV Asset Management trimmed its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 4.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,239,170 shares of the technology company’s stock after selling 645,080 shares during the quarter. LSV Asset Management’s holdings in Hewlett Packard Enterprise were worth $304,006,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Bessemer Group Inc. increased its stake in Hewlett Packard Enterprise by 1.0% during the 4th quarter. Bessemer Group Inc. now owns 204,363 shares of the technology company’s stock worth $4,363,000 after purchasing an additional 2,059 shares in the last quarter. Advisory Services Network LLC boosted its position in Hewlett Packard Enterprise by 34.9% during the 4th quarter. Advisory Services Network LLC now owns 25,688 shares of the technology company’s stock worth $548,000 after acquiring an additional 6,651 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Hewlett Packard Enterprise by 330.8% in the 4th quarter. Renaissance Technologies LLC now owns 2,842,600 shares of the technology company’s stock valued at $60,690,000 after buying an additional 2,182,800 shares during the last quarter. Bank of Nova Scotia boosted its holdings in shares of Hewlett Packard Enterprise by 2.1% in the 4th quarter. Bank of Nova Scotia now owns 438,111 shares of the technology company’s stock valued at $9,354,000 after buying an additional 9,175 shares during the last quarter. Finally, Shelton Capital Management boosted its holdings in shares of Hewlett Packard Enterprise by 46.8% in the 4th quarter. Shelton Capital Management now owns 426,691 shares of the technology company’s stock valued at $9,110,000 after buying an additional 136,000 shares during the last quarter. 80.78% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Bethany Mayer sold 6,409 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HPE shares. Bank of America cut their price target on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a report on Friday, March 7th. Daiwa Capital Markets cut Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research report on Wednesday, March 12th. Barclays reduced their price objective on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Susquehanna cut 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. Finally, Morgan Stanley lowered Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $14.00 price target on the stock. in a research note on Tuesday. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.60.

Hewlett Packard Enterprise Trading Up 15.9 %

Shares of HPE stock opened at $14.50 on Thursday. The company has a market cap of $19.05 billion, a P/E ratio of 7.63, a PEG ratio of 2.03 and a beta of 1.20. The stock has a 50 day simple moving average of $17.80 and a two-hundred day simple moving average of $20.16. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be issued a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.59%. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

Hewlett Packard Enterprise 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.