Elo Mutual Pension Insurance Co Reduces Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Elo Mutual Pension Insurance Co reduced its position in Hewlett Packard Enterprise (NYSE:HPE) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,605 shares of the technology company’s stock after selling 5,620 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Hewlett Packard Enterprise were worth $2,767,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HPE. Quest Partners LLC purchased a new stake in Hewlett Packard Enterprise in the third quarter worth about $50,000. Fisher Asset Management LLC raised its stake in Hewlett Packard Enterprise by 211.1% in the third quarter. Fisher Asset Management LLC now owns 33,973 shares of the technology company’s stock worth $695,000 after buying an additional 23,053 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Hewlett Packard Enterprise during the third quarter worth $588,000. Townsquare Capital LLC purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at $404,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Hewlett Packard Enterprise by 22.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 937,841 shares of the technology company’s stock worth $19,188,000 after acquiring an additional 173,303 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HPE has been the topic of several analyst reports. StockNews.com lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Wells Fargo & Company cut their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, March 7th. Susquehanna lowered 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 note on Friday, March 7th. Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research report on Wednesday, March 12th. Finally, Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.27.

Hewlett Packard Enterprise Trading Down 0.9 %

HPE stock opened at $15.80 on Friday. The stock has a market cap of $20.75 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 2.03 and a beta of 1.20. The business’s 50-day moving average is $19.55 and its 200 day moving average is $20.40. Hewlett Packard Enterprise has a 12-month low of $14.64 and a 12-month high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Announces Dividend

The company 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. This represents a $0.52 annualized dividend and a yield of 3.29%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio is currently 25.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other 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 transaction of $266,271.00. Following the transaction, the senior vice president now directly owns 48,615 shares in the company, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.36% of the stock is currently owned by insiders.

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.