Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lessened its position in Hewlett Packard Enterprise (NYSE:HPE) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 817,749 shares of the technology company’s stock after selling 63,276 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Hewlett Packard Enterprise were worth $17,459,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kathmere Capital Management LLC lifted its holdings in Hewlett Packard Enterprise by 87.2% in the 4th quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company’s stock valued at $544,000 after purchasing an additional 11,869 shares in the last quarter. Lebenthal Global Advisors LLC lifted its stake in shares of Hewlett Packard Enterprise by 83.7% in the fourth quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock worth $771,000 after buying an additional 16,447 shares in the last quarter. Nordea Investment Management AB boosted its position in 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 worth $155,142,000 after acquiring an additional 1,885,559 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Hewlett Packard Enterprise by 78.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company’s stock valued at $19,545,000 after acquiring an additional 401,016 shares during the last quarter. Finally, USA Financial Formulas purchased a new position in Hewlett Packard Enterprise in the 4th quarter worth approximately $617,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Trading Down 0.9 %

Shares of HPE stock opened at $15.80 on Monday. Hewlett Packard Enterprise has a fifty-two week low of $14.64 and a fifty-two week high of $24.66. The company has a 50 day moving average price of $19.55 and a 200 day moving average price of $20.46. The stock has a market capitalization of $20.75 billion, a P/E ratio of 8.31, a price-to-earnings-growth 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.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders 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 dividend yield of 3.29%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio is currently 25.37%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HPE. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Stifel Nicolaus raised their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Daiwa America lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. Barclays reduced their price target 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. Finally, Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the company from $23.00 to $26.00 in a report on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.27.

Insider Activity

In related news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise 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 owns 48,615 shares in the company, valued at $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.36% of the company’s stock.

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.