Allianz Asset Management GmbH Purchases 217,544 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Allianz Asset Management GmbH increased its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 5.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,270,715 shares of the technology company’s stock after buying an additional 217,544 shares during the period. Allianz Asset Management GmbH’s holdings in Hewlett Packard Enterprise were worth $91,180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HPE. Kathmere Capital Management LLC boosted its position in Hewlett Packard Enterprise by 87.2% during the 4th quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company’s stock worth $544,000 after acquiring an additional 11,869 shares during the last quarter. Lebenthal Global Advisors LLC lifted 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 acquiring an additional 16,447 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Hewlett Packard Enterprise by 35.1% in the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after acquiring an additional 1,885,559 shares during the period. Moloney Securities Asset Management LLC acquired a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth about $861,000. Finally, National Pension Service raised its holdings in shares of Hewlett Packard Enterprise by 17.3% in the 3rd quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock valued at $65,528,000 after purchasing an additional 472,885 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the transaction, the senior vice president now owns 48,615 shares of the company’s stock, valued at $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the sale, the director now directly owns 104,192 shares of the company’s stock, valued at $2,445,386.24. This represents a 32.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 332,166 shares of company stock valued at $7,300,629 over the last 90 days. 0.36% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock opened at $21.17 on Friday. The company has a 50-day simple moving average of $21.96 and a two-hundred day simple moving average of $20.58. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.66. The stock 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 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 Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently commented on HPE shares. Stifel Nicolaus lifted their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Loop Capital lifted their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Barclays boosted their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. StockNews.com downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Finally, Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $23.00 to $29.00 in a report on Monday, November 18th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.00.

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.