Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its holdings in shares of 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 4,441,826 shares of the technology company’s stock after selling 287,810 shares during the quarter. Prudential Financial Inc. owned about 0.34% of Hewlett Packard Enterprise worth $94,833,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Minneapolis Portfolio Management Group LLC raised its holdings in Hewlett Packard Enterprise by 2.4% in the 4th quarter. Minneapolis Portfolio Management Group LLC now owns 711,402 shares of the technology company’s stock valued at $15,188,000 after buying an additional 16,461 shares during the period. LPL Financial LLC increased its position in shares of Hewlett Packard Enterprise by 35.3% during the fourth quarter. LPL Financial LLC now owns 2,466,235 shares of the technology company’s stock valued at $52,654,000 after acquiring an additional 643,015 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $9,027,000. Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Hewlett Packard Enterprise by 42.1% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 86,493 shares of the technology company’s stock worth $1,847,000 after acquiring an additional 25,621 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its position in shares of Hewlett Packard Enterprise by 46.0% during the 4th quarter. Mizuho Securities USA LLC now owns 123,084 shares of the technology company’s stock worth $2,628,000 after purchasing an additional 38,807 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Susquehanna cut their target price 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. Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a report on Wednesday, March 12th. StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Thursday, December 19th. Finally, Morgan Stanley lowered their price objective on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.27.

Hewlett Packard Enterprise Trading Up 2.8 %

NYSE:HPE opened at $16.51 on Tuesday. Hewlett Packard Enterprise has a 1 year low of $14.64 and a 1 year high of $24.66. The stock has a market cap of $21.68 billion, a P/E ratio of 8.69, a P/E/G ratio of 2.03 and a beta of 1.20. 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 $20.11 and a 200-day simple moving average of $20.49.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 25.37%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the transaction, the senior vice president now owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is currently owned by corporate 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.