Royal London Asset Management Ltd. Raises Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Royal London Asset Management Ltd. lifted its position in Hewlett Packard Enterprise (NYSE:HPE) by 4.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 572,211 shares of the technology company’s stock after buying 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 SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd grew its position in Hewlett Packard Enterprise by 264.6% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 11,296 shares of the technology company’s stock worth $241,000 after purchasing an additional 8,198 shares during the last quarter. Brooklyn FI LLC purchased a new stake in Hewlett Packard Enterprise during the 4th quarter worth approximately $5,182,000. Xponance Inc. grew its position in Hewlett Packard Enterprise by 8.7% during the 4th quarter. Xponance Inc. now owns 196,074 shares of the technology company’s stock worth $4,186,000 after purchasing an additional 15,771 shares during the last quarter. Boston Partners grew its position in Hewlett Packard Enterprise by 19.1% during the 4th quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock worth $276,075,000 after purchasing an additional 2,058,562 shares during the last quarter. Finally, Generali Asset Management SPA SGR purchased a new stake in Hewlett Packard Enterprise during the 4th quarter worth approximately $1,244,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling

In other news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the sale, the senior vice president now owns 48,615 shares of the company’s stock, valued at $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HPE. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Barclays decreased their price objective on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research note 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 objective for the company in a research note on Thursday, December 19th. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Finally, Loop Capital decreased their target price on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a research note on Monday, March 10th. Nine analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and a consensus price target of $21.27.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $16.09 on Friday. The firm has a market cap of $21.13 billion, a PE ratio of 8.47, a PEG ratio of 2.03 and a beta of 1.20. The firm has a fifty day moving average of $20.22 and a 200 day moving average of $20.48. 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 has a one year low of $14.64 and a one year high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The business 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 annualized dividend and a yield of 3.23%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is presently 25.37%.

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.