DnB Asset Management AS Sells 1,867,538 Shares of Hewlett Packard Enterprise (NYSE:HPE)

DnB Asset Management AS reduced its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 88.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 255,563 shares of the technology company’s stock after selling 1,867,538 shares during the period. DnB Asset Management AS’s holdings in Hewlett Packard Enterprise were worth $5,456,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Quest Partners LLC purchased a new position in Hewlett Packard Enterprise in the 3rd quarter worth $50,000. Fisher Asset Management LLC grew its stake in shares of Hewlett Packard Enterprise by 211.1% during the third quarter. Fisher Asset Management LLC now owns 33,973 shares of the technology company’s stock valued at $695,000 after buying an additional 23,053 shares during the last quarter. Townsquare Capital LLC bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $404,000. Fiduciary Trust Co boosted its holdings in Hewlett Packard Enterprise by 12.1% during the 3rd quarter. Fiduciary Trust Co now owns 32,046 shares of the technology company’s stock valued at $656,000 after acquiring an additional 3,450 shares during the period. Finally, Public Sector Pension Investment Board grew its position in Hewlett Packard Enterprise by 13.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 56,555 shares of the technology company’s stock worth $1,157,000 after acquiring an additional 6,600 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Loop Capital dropped 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. Morgan Stanley dropped their price target on shares of 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. Stifel Nicolaus boosted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Bank of America dropped their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, Daiwa America downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and an average target price of $21.27.

Insider Transactions at Hewlett Packard Enterprise

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 sale, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.9 %

NYSE HPE opened at $15.80 on Monday. The firm has a market capitalization of $20.75 billion, a PE ratio of 8.31, a P/E/G ratio of 2.03 and a beta of 1.20. The stock’s 50 day moving average is $19.55 and its 200 day moving average is $20.46. Hewlett Packard Enterprise has a twelve month low of $14.64 and a twelve month 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 25.37%.

Hewlett Packard Enterprise Company 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.