DnB Asset Management AS Sells 1,867,538 Shares of Hewlett Packard Enterprise (NYSE:HPE)

DnB Asset Management AS lowered its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 88.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 255,563 shares of the technology company’s stock after selling 1,867,538 shares during the quarter. DnB Asset Management AS’s holdings in Hewlett Packard Enterprise were worth $5,456,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at $50,000. Fisher Asset Management LLC boosted its position in shares of Hewlett Packard Enterprise by 211.1% during the third quarter. Fisher Asset Management LLC now owns 33,973 shares of the technology company’s stock valued at $695,000 after buying an additional 23,053 shares during the last quarter. Townsquare Capital LLC bought a new stake in Hewlett Packard Enterprise in the 3rd quarter worth about $404,000. Fiduciary Trust Co increased its holdings in Hewlett Packard Enterprise by 12.1% in the 3rd quarter. Fiduciary Trust Co now owns 32,046 shares of the technology company’s stock worth $656,000 after buying an additional 3,450 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its position in Hewlett Packard Enterprise by 13.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 56,555 shares of the technology company’s stock worth $1,157,000 after buying an additional 6,600 shares during the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HPE has been the subject of a number of research analyst reports. StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Susquehanna cut 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. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price target for the company from $23.00 to $26.00 in a report on Friday, December 6th. Loop Capital cut their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a report on Monday, March 10th. Finally, Wells Fargo & Company lowered their target price on 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. Nine investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.27.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $15.80 on Monday. The company has a market capitalization of $20.75 billion, a P/E ratio of 8.31, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 1-year low of $14.64 and a 1-year high of $24.66. The firm’s 50 day simple moving average is $19.55 and its two-hundred day simple moving average is $20.46. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid 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 is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) 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 stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the transaction, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Company 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.