Boston Partners Buys 2,058,562 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Boston Partners increased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 19.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,848,336 shares of the technology company’s stock after purchasing an additional 2,058,562 shares during the quarter. Boston Partners’ holdings in Hewlett Packard Enterprise were worth $276,075,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of HPE. Raymond James Financial Inc. bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at approximately $292,959,000. Eagle Asset Management Inc. boosted its holdings in Hewlett Packard Enterprise by 3,537.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock valued at $127,571,000 after acquiring an additional 5,629,006 shares during the period. Pacer Advisors Inc. boosted its holdings in Hewlett Packard Enterprise by 18.1% during the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock valued at $560,274,000 after acquiring an additional 4,194,213 shares during the period. Nordea Investment Management AB boosted its holdings in Hewlett Packard Enterprise by 35.1% during the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after acquiring an additional 1,885,559 shares during the period. Finally, OFI Invest Asset Management purchased a new position in Hewlett Packard Enterprise during the 4th quarter valued at $34,778,000. Institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HPE shares. Wells Fargo & Company dropped their price objective on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday, March 7th. Bank of America dropped their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Thursday, December 19th. Susquehanna dropped their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Finally, StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.27.

Hewlett Packard Enterprise Stock Up 0.7 %

Hewlett Packard Enterprise stock opened at $15.95 on Wednesday. The firm has a market cap of $20.95 billion, a price-to-earnings ratio of 8.39, 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 business’s 50-day moving average price is $20.57 and its 200 day moving average price is $20.55. 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 company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio is presently 25.37%.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the company’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 transaction of $266,271.00. Following the completion of the sale, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at $1,118,145. This represents a 19.23 % decrease in their position. 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.

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.