Hewlett Packard Enterprise (NYSE:HPE) Position Lowered by Aviva PLC

Aviva PLC reduced its position in Hewlett Packard Enterprise (NYSE:HPE) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,205,170 shares of the technology company’s stock after selling 142,231 shares during the quarter. Aviva PLC owned approximately 0.17% of Hewlett Packard Enterprise worth $47,080,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hara Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $28,000. Tandem Financial LLC bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $32,000. Conquis Financial LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter worth about $41,000. R Squared Ltd bought a new position in Hewlett Packard Enterprise in the fourth quarter worth about $45,000. Finally, Tompkins Financial Corp boosted its stake in Hewlett Packard Enterprise by 397.9% in the fourth quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company’s stock valued at $61,000 after acquiring an additional 2,300 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock opened at $12.78 on Friday. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average price is $18.63 and its two-hundred day moving average price is $20.35. The stock has a market cap of $16.78 billion, a PE ratio of 6.72, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 4.07%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio is presently 25.37%.

Analysts Set New Price Targets

Several analysts recently issued reports on HPE shares. Loop Capital cut their price target on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, March 10th. Morgan Stanley cut their target price on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Thursday, December 19th. Finally, Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 target price for the company. in a research report on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.27.

Insider Buying and Selling

In other news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the sale, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.36% of the stock is currently 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.