Investment Management Corp of Ontario Decreases Position in Hewlett Packard Enterprise (NYSE:HPE)

Investment Management Corp of Ontario lessened its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 9.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 101,926 shares of the technology company’s stock after selling 11,002 shares during the quarter. Investment Management Corp of Ontario’s holdings in Hewlett Packard Enterprise were worth $2,176,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth $201,000. Jefferies Financial Group Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth $249,000. Gotham Asset Management LLC lifted its position in shares of Hewlett Packard Enterprise by 66.6% during the 4th quarter. Gotham Asset Management LLC now owns 811,545 shares of the technology company’s stock worth $17,326,000 after purchasing an additional 324,552 shares during the last quarter. Graham Capital Management L.P. lifted its position in shares of Hewlett Packard Enterprise by 8.0% during the 4th quarter. Graham Capital Management L.P. now owns 865,028 shares of the technology company’s stock worth $18,468,000 after purchasing an additional 64,191 shares during the last quarter. Finally, Ellevest Inc. lifted its position in shares of Hewlett Packard Enterprise by 7.4% during the 4th quarter. Ellevest Inc. now owns 19,273 shares of the technology company’s stock worth $411,000 after purchasing an additional 1,325 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.2%

NYSE HPE opened at $16.84 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The firm has a market cap of $22.12 billion, a PE ratio of 8.86, a P/E/G ratio of 2.03 and a beta of 1.29. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $24.66. The firm’s fifty day moving average is $15.54 and its two-hundred day moving average is $19.45.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.09%. Hewlett Packard Enterprise’s dividend payout ratio is presently 25.37%.

Analyst Ratings Changes

HPE has been the subject of several recent analyst reports. Morgan Stanley cut shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $14.00 price objective for the company. in a research report on Tuesday, April 8th. Bank of America cut their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Daiwa Capital Markets lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research note on Wednesday, March 12th. Barclays cut their price target on shares of 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. Finally, Loop Capital cut their price target on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research note on Monday, March 10th. Ten 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.60.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction on Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.36% of the stock is currently owned by company 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.