Pzena Investment Management LLC grew its holdings in Hewlett Packard Enterprise Co (NYSE:HPE) by 18.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 44,553,009 shares of the technology company’s stock after buying an additional 6,992,169 shares during the period. Hewlett Packard Enterprise accounts for approximately 3.1% of Pzena Investment Management LLC’s portfolio, making the stock its 2nd largest position. Pzena Investment Management LLC owned about 2.80% of Hewlett Packard Enterprise worth $639,781,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. BB&T Securities LLC acquired a new position in shares of Hewlett Packard Enterprise during the third quarter worth about $156,000. Daiwa SB Investments Ltd. acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $156,000. Clear Harbor Asset Management LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $158,000. KCS Wealth Advisory acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $161,000. Finally, John G Ullman & Associates Inc. acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $195,000. 83.66% of the stock is owned by institutional investors and hedge funds.
Shares of Hewlett Packard Enterprise Co (HPE) opened at $16.52 on Wednesday. Hewlett Packard Enterprise Co has a fifty-two week low of $12.81 and a fifty-two week high of $24.88. The stock has a market cap of $26,022.35, a PE ratio of 78.67, a price-to-earnings-growth ratio of 2.75 and a beta of 2.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.13 and a quick ratio of 1.01.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Tuesday, March 13th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 142.86%.
HPE has been the topic of a number of recent analyst reports. Loop Capital upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Tuesday. UBS Group reiterated a “hold” rating and set a $15.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Royal Bank of Canada restated a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Finally, Robert W. Baird restated a “hold” rating and set a $15.00 target price on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.16.
In other Hewlett Packard Enterprise news, EVP Alan Richard May sold 42,314 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $14.00, for a total value of $592,396.00. Following the sale, the executive vice president now owns 84,629 shares of the company’s stock, valued at $1,184,806. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Henry Gomez sold 119,515 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $14.87, for a total transaction of $1,777,188.05. The disclosure for this sale can be found here. Insiders sold 1,407,123 shares of company stock worth $22,389,810 in the last ninety days. Insiders own 1.18% of the company’s stock.
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Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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