Contrarius Group Holdings Ltd Makes New Investment in Hewlett Packard Enterprise (NYSE:HPE)

Contrarius Group Holdings Ltd purchased a new position in Hewlett Packard Enterprise (NYSE:HPE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 187,750 shares of the technology company’s stock, valued at approximately $4,008,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $25,000. Hara Capital LLC acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $28,000. Tandem Financial LLC acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $32,000. R Squared Ltd acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $45,000. Finally, Quest Partners LLC acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $50,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 completion of the sale, the senior vice president now directly owns 48,615 shares in the company, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HPE shares. StockNews.com lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. 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 research report on Friday, March 7th. Morgan Stanley reduced their price target on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Barclays reduced their price target on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Finally, Bank of America reduced their price target on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.27.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $16.36 on Thursday. Hewlett Packard Enterprise has a twelve month low of $14.64 and a twelve month 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 has a market capitalization of $21.48 billion, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The business has a 50 day simple moving average of $20.46 and a 200-day simple moving average of $20.52.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be issued a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.18%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 25.37%.

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.