Shell Asset Management Co. Sells 802 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Shell Asset Management Co. cut its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,935 shares of the technology company’s stock after selling 802 shares during the period. Shell Asset Management Co.’s holdings in Hewlett Packard Enterprise were worth $1,792,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brookstone Capital Management lifted its stake in shares of Hewlett Packard Enterprise by 16.3% in the 4th quarter. Brookstone Capital Management now owns 19,414 shares of the technology company’s stock valued at $414,000 after purchasing an additional 2,727 shares during the last quarter. Wedmont Private Capital bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $224,000. Assenagon Asset Management S.A. lifted its stake in shares of Hewlett Packard Enterprise by 175.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 565,012 shares of the technology company’s stock valued at $12,063,000 after purchasing an additional 359,732 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Hewlett Packard Enterprise by 15.7% in the 4th quarter. Park Avenue Securities LLC now owns 35,258 shares of the technology company’s stock valued at $753,000 after purchasing an additional 4,774 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $800,000. 80.78% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.36% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Trading Up 0.8%

HPE opened at $17.76 on Friday. The stock’s fifty day moving average is $15.66 and its two-hundred day moving average is $19.39. The company has a market capitalization of $23.32 billion, a P/E ratio of 9.34, a PEG ratio of 2.03 and a beta of 1.29. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were issued a dividend of $0.13 per share. The ex-dividend date was Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 2.93%. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

Analysts Set New Price Targets

HPE has been the subject of several analyst reports. Barclays lowered their price objective on 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. Daiwa America lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. StockNews.com lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Loop Capital lowered their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a research note on Monday, March 10th. Finally, Susquehanna reduced their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.60.

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.