Arrowstreet Capital Limited Partnership Trims Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Arrowstreet Capital Limited Partnership decreased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 97.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,989 shares of the technology company’s stock after selling 3,842,105 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Hewlett Packard Enterprise were worth $2,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Hewlett Packard Enterprise by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock worth $642,748,000 after purchasing an additional 251,076 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Hewlett Packard Enterprise in the 4th quarter worth approximately $292,959,000. Boston Partners increased its holdings in shares of Hewlett Packard Enterprise by 19.1% in the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock worth $276,075,000 after purchasing an additional 2,058,562 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Hewlett Packard Enterprise by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company’s stock worth $208,055,000 after buying an additional 135,874 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in Hewlett Packard Enterprise by 35.1% during the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after buying an additional 1,885,559 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling

In related news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Price Performance

HPE opened at $14.50 on Thursday. 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 $19.05 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The stock has a fifty day simple moving average of $17.80 and a two-hundred day simple moving average of $20.16. Hewlett Packard Enterprise has a 12-month low of $11.97 and a 12-month high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be given a dividend of $0.13 per share. The ex-dividend date is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.59%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 25.37%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Bank of America lowered their price target 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. Susquehanna cut 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 report on Friday, March 7th. Wells Fargo & Company lowered their price target on 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. Morgan Stanley lowered 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 report on Tuesday. Finally, Daiwa America cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.60.

About Hewlett Packard Enterprise

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.