Securian Asset Management Inc. Has $1.49 Million Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Securian Asset Management Inc. trimmed its position in Hewlett Packard Enterprise (NYSE:HPE) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,797 shares of the technology company’s stock after selling 2,085 shares during the quarter. Securian Asset Management Inc.’s holdings in Hewlett Packard Enterprise were worth $1,490,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in Hewlett Packard Enterprise by 24.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 7,324 shares of the technology company’s stock worth $156,000 after purchasing an additional 1,442 shares during the period. Sequoia Financial Advisors LLC increased its position in Hewlett Packard Enterprise by 24.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 24,988 shares of the technology company’s stock worth $533,000 after purchasing an additional 4,916 shares during the period. HighTower Advisors LLC increased its position in Hewlett Packard Enterprise by 22.8% in the fourth quarter. HighTower Advisors LLC now owns 368,145 shares of the technology company’s stock worth $7,860,000 after purchasing an additional 68,402 shares during the period. Wealth High Governance Capital Ltda acquired a new stake in Hewlett Packard Enterprise in the fourth quarter worth about $3,985,000. Finally, Avantax Planning Partners Inc. increased its position in Hewlett Packard Enterprise by 6.2% in the fourth quarter. Avantax Planning Partners Inc. now owns 12,858 shares of the technology company’s stock worth $275,000 after purchasing an additional 750 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HPE shares. Morgan Stanley decreased their target price on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Daiwa America lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus boosted their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Susquehanna decreased their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Finally, Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.27.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $14.77 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The stock has a 50 day simple moving average of $20.96 and a 200 day simple moving average of $20.60. Hewlett Packard Enterprise has a 52-week low of $14.64 and a 52-week high of $24.66. The firm has a market capitalization of $19.40 billion, a PE ratio of 7.77, a P/E/G ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is 25.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares in the company, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.36% of the company’s stock.

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.