KLP Kapitalforvaltning AS Makes New $9.03 Million Investment in Hewlett Packard Enterprise (NYSE:HPE)

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in Hewlett Packard Enterprise in the third quarter worth $25,000. Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth about $28,000. Tandem Financial LLC purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth about $32,000. R Squared Ltd purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth about $45,000. Finally, Quest Partners LLC bought a new position in Hewlett Packard Enterprise during the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on HPE. Barclays dropped their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Bank of America cut their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Loop Capital decreased their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a research report on Monday, March 10th. Wells Fargo & Company cut their price target on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. Finally, Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research report on Wednesday, March 12th. Nine research 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.27.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $16.51 on Tuesday. The firm has a market cap of $21.68 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 52-week low of $14.64 and a 52-week 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. The company’s 50 day moving average is $20.11 and its 200 day moving average is $20.49.

Hewlett Packard Enterprise Announces Dividend

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 given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is 25.37%.

Insider Buying and Selling

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 transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.36% of the stock is currently owned by company insiders.

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.