LSV Asset Management Has $265.67 Million Position in Hewlett Packard Enterprise Co (HPE)
LSV Asset Management boosted its holdings in Hewlett Packard Enterprise Co (NYSE:HPE) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,111,279 shares of the technology company’s stock after acquiring an additional 250,297 shares during the quarter. LSV Asset Management’s holdings in Hewlett Packard Enterprise were worth $265,669,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its stake in Hewlett Packard Enterprise by 228.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 305,800 shares of the technology company’s stock worth $4,040,000 after buying an additional 212,659 shares during the last quarter. Savant Capital LLC lifted its position in shares of Hewlett Packard Enterprise by 12.7% during the fourth quarter. Savant Capital LLC now owns 16,452 shares of the technology company’s stock worth $217,000 after purchasing an additional 1,849 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $1,822,000. Financial Gravity Companies Inc. acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $86,000. Finally, Hartford Investment Management Co. lifted its position in shares of Hewlett Packard Enterprise by 1.4% during the fourth quarter. Hartford Investment Management Co. now owns 196,469 shares of the technology company’s stock worth $2,595,000 after purchasing an additional 2,656 shares in the last quarter. 83.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE HPE opened at $16.02 on Monday. Hewlett Packard Enterprise Co has a fifty-two week low of $12.09 and a fifty-two week high of $19.48. The company has a market capitalization of $22.27 billion, a P/E ratio of 10.27, a price-to-earnings-growth ratio of 1.90 and a beta of 1.60. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th will be issued a $0.1125 dividend. The ex-dividend date is Tuesday, March 12th. This represents a $0.45 annualized dividend and a yield of 2.81%. Hewlett Packard Enterprise’s dividend payout ratio is currently 28.85%.
A number of equities analysts have recently issued reports on HPE shares. Oppenheimer set a $18.00 target price on shares of Hewlett Packard Enterprise and gave the stock a “buy” rating in a research report on Thursday, October 25th. Zacks Investment Research reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Tuesday, November 13th. ValuEngine lowered shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th. Maxim Group reduced their target price on shares of Hewlett Packard Enterprise from $18.00 to $17.00 and set a “hold” rating on the stock in a research report on Thursday, December 6th. Finally, Morgan Stanley lowered shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $21.00 to $15.00 in a research report on Tuesday, January 15th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $18.08.
In related news, insider Keerti Melkote sold 36,300 shares of the stock in a transaction that occurred on Tuesday, December 11th. The shares were sold at an average price of $14.55, for a total value of $528,165.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Philip Davis sold 27,182 shares of the stock in a transaction on Thursday, December 13th. The stock was sold at an average price of $14.67, for a total transaction of $398,759.94. Following the completion of the sale, the insider now owns 41,922 shares in the company, valued at $614,995.74. The disclosure for this sale can be found here. Insiders sold 121,195 shares of company stock worth $1,795,907 over the last 90 days. 1.18% of the stock is currently owned by company insiders.
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Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
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