Royal London Asset Management Ltd. Acquires 22,483 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Royal London Asset Management Ltd. raised its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 572,211 shares of the technology company’s stock after purchasing an additional 22,483 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Hewlett Packard Enterprise were worth $12,217,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Harvest Fund Management Co. Ltd lifted its position in Hewlett Packard Enterprise by 264.6% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 11,296 shares of the technology company’s stock valued at $241,000 after purchasing an additional 8,198 shares during the last quarter. Brooklyn FI LLC bought a new position in Hewlett Packard Enterprise during the fourth quarter valued at $5,182,000. Xponance Inc. lifted its position in Hewlett Packard Enterprise by 8.7% during the fourth quarter. Xponance Inc. now owns 196,074 shares of the technology company’s stock valued at $4,186,000 after purchasing an additional 15,771 shares during the last quarter. Boston Partners lifted its position in Hewlett Packard Enterprise by 19.1% during the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock valued at $276,075,000 after purchasing an additional 2,058,562 shares during the last quarter. Finally, Generali Asset Management SPA SGR bought a new position in Hewlett Packard Enterprise during the fourth quarter valued at $1,244,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.9 %

NYSE HPE opened at $16.09 on Friday. 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 company has a market capitalization of $21.13 billion, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The company’s 50-day simple moving average is $20.22 and its two-hundred day simple moving average is $20.48. Hewlett Packard Enterprise has a one year low of $14.64 and a one year high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 25.37%.

Insider Buying and Selling 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 shares were 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Thursday, December 19th. Bank of America lowered 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. StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Finally, Daiwa Capital Markets lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 target price for the company. in a report on Wednesday, March 12th. Nine investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $21.27.

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.