Advisors Asset Management Inc. Buys 51,224 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Advisors Asset Management Inc. increased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 25.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 250,699 shares of the technology company’s stock after purchasing an additional 51,224 shares during the quarter. Advisors Asset Management Inc.’s holdings in Hewlett Packard Enterprise were worth $5,352,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth $292,959,000. Eagle Asset Management Inc. grew its holdings in Hewlett Packard Enterprise by 3,537.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock worth $127,571,000 after acquiring an additional 5,629,006 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Hewlett Packard Enterprise by 18.1% in the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock valued at $560,274,000 after acquiring an additional 4,194,213 shares during the period. Nordea Investment Management AB raised its stake in shares of Hewlett Packard Enterprise by 35.1% during the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after acquiring an additional 1,885,559 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth about $34,778,000. Institutional investors own 80.78% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Daiwa America lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Barclays reduced their price objective on shares of 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. Susquehanna dropped their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Finally, Loop Capital reduced their price target on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.27.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value 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 $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 is available at the SEC website. 0.36% of the stock is owned by insiders.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $16.36 on Thursday. The stock’s 50 day moving average is $20.46 and its 200 day moving average is $20.52. The company has a market capitalization of $21.48 billion, a P/E ratio of 8.61, a PEG ratio of 2.03 and a beta of 1.20. 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 Dividend Announcement

The business 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 dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.18%. Hewlett Packard Enterprise’s payout ratio is presently 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.