Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its stake in Hewlett Packard Enterprise (NYSE:HPE) by 18.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,225,711 shares of the technology company’s stock after selling 268,973 shares during the quarter. Sei Investments Co.’s holdings in Hewlett Packard Enterprise were worth $26,169,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in HPE. Raymond James Financial Inc. purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth $292,959,000. Boston Partners increased its stake in Hewlett Packard Enterprise by 19.1% during the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock worth $276,075,000 after acquiring an additional 2,058,562 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Hewlett Packard Enterprise by 35.1% in the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock worth $155,142,000 after purchasing an additional 1,885,559 shares during the period. OFI Invest Asset Management acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $34,778,000. Finally, National Bank of Canada FI grew its holdings in shares of Hewlett Packard Enterprise by 61.6% during the 3rd quarter. National Bank of Canada FI now owns 3,504,681 shares of the technology company’s stock worth $71,706,000 after purchasing an additional 1,335,318 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the transaction, the senior vice president now owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.36% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on HPE. 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 report on Friday, March 7th. Wells Fargo & Company reduced their target price on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. Stifel Nicolaus increased their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Susquehanna reduced their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Finally, StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. 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 data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and an average target price of $21.27.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $16.08 on Thursday. Hewlett Packard Enterprise has a 52 week low of $14.64 and a 52 week 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. The stock has a market cap of $21.12 billion, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The stock has a 50 day moving average of $19.85 and a 200-day moving average of $20.45.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be paid 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 3.23%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 25.37%.

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.