KLP Kapitalforvaltning AS Takes Position in Hewlett Packard Enterprise (NYSE:HPE)

KLP Kapitalforvaltning AS acquired a new position in Hewlett Packard Enterprise (NYSE:HPE) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 420,611 shares of the technology company’s stock, valued at approximately $9,027,000.

A number of other hedge funds also recently bought and sold shares of the company. Quest Partners LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at about $50,000. Pathstone Holdings LLC grew its position in Hewlett Packard Enterprise by 1.5% during the third quarter. Pathstone Holdings LLC now owns 158,004 shares of the technology company’s stock valued at $3,237,000 after buying an additional 2,368 shares during the period. Cerity Partners LLC increased its holdings in Hewlett Packard Enterprise by 104.7% during the third quarter. Cerity Partners LLC now owns 302,202 shares of the technology company’s stock valued at $6,184,000 after buying an additional 154,563 shares during the last quarter. Centaurus Financial Inc. bought a new position in Hewlett Packard Enterprise in the third quarter worth approximately $155,000. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Hewlett Packard Enterprise by 10.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 164,619 shares of the technology company’s stock worth $3,368,000 after acquiring an additional 16,205 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the subject of several analyst reports. Stifel Nicolaus upped their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Barclays decreased their price objective on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Loop Capital decreased their target price on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research note on Monday, March 10th. Finally, Wells Fargo & Company dropped their price target on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company 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 MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and an average target price of $21.27.

Hewlett Packard Enterprise Stock Up 2.8 %

Shares of HPE stock opened at $16.51 on Tuesday. The company’s fifty day simple moving average is $20.11 and its two-hundred day simple moving average is $20.49. Hewlett Packard Enterprise has a 52 week low of $14.64 and a 52 week high of $24.66. The stock has a market cap of $21.68 billion, a P/E ratio of 8.69, a PEG ratio of 2.03 and a beta of 1.20. 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 Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is presently 25.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 48,615 shares in the company, valued at approximately $1,118,145. This represents a 19.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is currently owned by company insiders.

About Hewlett Packard Enterprise

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.