Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by Minneapolis Portfolio Management Group LLC

Minneapolis Portfolio Management Group LLC lifted its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 2.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 711,402 shares of the technology company’s stock after purchasing an additional 16,461 shares during the period. Hewlett Packard Enterprise makes up 2.0% of Minneapolis Portfolio Management Group LLC’s holdings, making the stock its 29th biggest holding. Minneapolis Portfolio Management Group LLC owned approximately 0.05% of Hewlett Packard Enterprise worth $15,188,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HPE. LPL Financial LLC grew its holdings in Hewlett Packard Enterprise by 35.3% during the 4th quarter. LPL Financial LLC now owns 2,466,235 shares of the technology company’s stock worth $52,654,000 after acquiring an additional 643,015 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth approximately $9,027,000. Knights of Columbus Asset Advisors LLC grew its holdings in Hewlett Packard Enterprise by 42.1% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 86,493 shares of the technology company’s stock worth $1,847,000 after acquiring an additional 25,621 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in Hewlett Packard Enterprise by 46.0% during the 4th quarter. Mizuho Securities USA LLC now owns 123,084 shares of the technology company’s stock worth $2,628,000 after acquiring an additional 38,807 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in Hewlett Packard Enterprise by 27.5% during the 4th quarter. TD Private Client Wealth LLC now owns 61,625 shares of the technology company’s stock worth $1,316,000 after acquiring an additional 13,302 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the sale, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. This represents a 19.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.36% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on HPE. Bank of America lowered their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a report on Friday, March 7th. Morgan Stanley lowered their target price on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Thursday, December 19th. Stifel Nicolaus upped their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 target price for the company. in a report on Wednesday, March 12th. 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.27.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $16.09 on Monday. The company has a market capitalization of $21.13 billion, a PE ratio of 8.47, a P/E/G 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 company has a 50-day simple moving average of $20.22 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 disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.23%. Hewlett Packard Enterprise’s payout ratio is 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.