OVERSEA CHINESE BANKING Corp Ltd Lowers Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

OVERSEA CHINESE BANKING Corp Ltd lowered its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 96.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,366 shares of the technology company’s stock after selling 439,158 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Hewlett Packard Enterprise were worth $307,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HPE. Geode Capital Management LLC increased its holdings in shares of Hewlett Packard Enterprise by 0.8% during the third quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock valued at $642,748,000 after acquiring an additional 251,076 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Hewlett Packard Enterprise by 18.1% during the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock valued at $560,274,000 after acquiring an additional 4,194,213 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Hewlett Packard Enterprise by 6.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company’s stock valued at $321,149,000 after acquiring an additional 921,624 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at $292,959,000. Finally, Boston Partners increased its holdings in shares of Hewlett Packard Enterprise by 19.1% during the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock valued at $276,075,000 after acquiring an additional 2,058,562 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on HPE. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their target price for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Barclays lowered their price objective on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Susquehanna lowered their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Thursday, December 19th. Nine investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.27.

Insider Activity

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the sale, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $16.26 on Friday. The business’s 50 day moving average price is $20.34 and its 200 day moving average price is $20.49. 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 company has a market cap of $21.36 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a one year low of $14.64 and a one year high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be paid a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.20%. Hewlett Packard Enterprise’s payout ratio is presently 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.