Dodge & Cox Decreases Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Dodge & Cox reduced its position in Hewlett Packard Enterprise (NYSE:HPE) by 29.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 135,675 shares of the technology company’s stock after selling 56,108 shares during the period. Dodge & Cox’s holdings in Hewlett Packard Enterprise were worth $2,897,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Hara Capital LLC acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth $28,000. Tandem Financial LLC purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $32,000. Conquis Financial LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $41,000. R Squared Ltd purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $45,000. Finally, Tompkins Financial Corp grew its holdings in Hewlett Packard Enterprise by 397.9% during the 4th quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company’s stock valued at $61,000 after buying an additional 2,300 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

A number of analysts recently commented on HPE shares. Barclays decreased their price objective on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Bank of America decreased their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock 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 target price on the stock in a research report on Thursday, December 19th. Finally, Wells Fargo & Company dropped their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.60.

Insider Transactions at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $15.02 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company has a market cap of $19.74 billion, a PE ratio of 7.91, a P/E/G ratio of 2.03 and a beta of 1.20. The company’s fifty day simple moving average is $17.27 and its 200-day simple moving average is $20.00. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.46%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) 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.