Prudential Financial Inc. Trims Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Prudential Financial Inc. lowered its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 6.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,441,826 shares of the technology company’s stock after selling 287,810 shares during the period. Prudential Financial Inc.’s holdings in Hewlett Packard Enterprise were worth $94,833,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mather Group LLC. grew its holdings in shares of Hewlett Packard Enterprise by 6.2% during the fourth quarter. Mather Group LLC. now owns 7,557 shares of the technology company’s stock worth $161,000 after buying an additional 440 shares during the last quarter. Lakewood Asset Management LLC grew its stake in shares of Hewlett Packard Enterprise by 0.4% in the 4th quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company’s stock valued at $2,242,000 after purchasing an additional 457 shares during the last quarter. Essex Financial Services Inc. increased its holdings in shares of Hewlett Packard Enterprise by 3.6% in the fourth quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company’s stock valued at $286,000 after purchasing an additional 461 shares during the period. Westside Investment Management Inc. increased its holdings in shares of Hewlett Packard Enterprise by 0.8% in the fourth quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock valued at $1,335,000 after purchasing an additional 475 shares during the period. Finally, Aviso Financial Inc. raised its stake in shares of Hewlett Packard Enterprise by 0.9% during the fourth quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company’s stock worth $1,154,000 after purchasing an additional 490 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hewlett Packard Enterprise

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

Analysts Set New Price Targets

Several equities analysts have issued reports on HPE shares. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Stifel Nicolaus increased their price target 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. Daiwa America lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. Morgan Stanley cut their target price on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Thursday, December 19th. Nine research 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.27.

Hewlett Packard Enterprise Trading Up 2.8 %

NYSE:HPE opened at $16.51 on Tuesday. The company has a market capitalization of $21.68 billion, a PE ratio of 8.69, a price-to-earnings-growth 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 stock has a fifty day simple moving average of $20.11 and a 200-day simple moving average of $20.49. 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 firm 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. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.15%. Hewlett Packard Enterprise’s dividend 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.