Principal Financial Group Inc. Has $33.08 Million Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Principal Financial Group Inc. cut its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,549,548 shares of the technology company’s stock after selling 11,474 shares during the quarter. Principal Financial Group Inc. owned approximately 0.12% of Hewlett Packard Enterprise worth $33,083,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Kathmere Capital Management LLC boosted its stake in Hewlett Packard Enterprise by 87.2% in the fourth quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company’s stock valued at $544,000 after buying an additional 11,869 shares in the last quarter. Lebenthal Global Advisors LLC boosted its stake in Hewlett Packard Enterprise by 83.7% in the fourth quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock valued at $771,000 after buying an additional 16,447 shares in the last quarter. Nordea Investment Management AB boosted its stake in Hewlett Packard Enterprise by 35.1% in the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after buying an additional 1,885,559 shares in the last quarter. Moloney Securities Asset Management LLC acquired a new stake in Hewlett Packard Enterprise in the third quarter valued at about $861,000. Finally, National Pension Service boosted its stake in Hewlett Packard Enterprise by 17.3% in the third quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock valued at $65,528,000 after buying an additional 472,885 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Loop Capital lifted their price target on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Finally, StockNews.com lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $24.00.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $21.17 on Friday. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $24.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The company has a market capitalization of $27.80 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. The business has a 50-day moving average of $21.96 and a 200-day moving average of $20.58.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.46%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.37%.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the completion of the sale, the executive vice president now directly owns 270,430 shares in the company, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of the sale, the director now owns 104,192 shares of the company’s stock, valued at approximately $2,445,386.24. The trade was a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock worth $7,300,629 over the last ninety days. 0.36% of the stock is owned by insiders.

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.