Contrarius Group Holdings Ltd Acquires New Shares in Hewlett Packard Enterprise (NYSE:HPE)

Contrarius Group Holdings Ltd acquired a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 187,750 shares of the technology company’s stock, valued at approximately $4,008,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC acquired a new position in Hewlett Packard Enterprise during the 3rd quarter worth $25,000. Hara Capital LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth $28,000. Tandem Financial LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth $32,000. R Squared Ltd acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth $45,000. Finally, Quest Partners LLC acquired a new position in Hewlett Packard Enterprise during the 3rd quarter worth $50,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Thursday, December 19th. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the company from $23.00 to $26.00 in a report on Friday, December 6th. Wells Fargo & Company cut 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. Barclays cut their price objective on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Finally, Susquehanna cut 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. 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.27.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of the company’s 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.36% of the stock is owned by insiders.

Hewlett Packard Enterprise Stock Up 2.7 %

Shares of Hewlett Packard Enterprise stock opened at $16.36 on Thursday. The stock’s fifty day moving average is $20.46 and its 200-day moving average is $20.52. The firm has a market capitalization of $21.48 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. 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 has a 12-month low of $14.64 and a 12-month high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) 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.