Knights of Columbus Asset Advisors LLC Grows Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Knights of Columbus Asset Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 42.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 86,493 shares of the technology company’s stock after buying an additional 25,621 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $1,847,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HPE. Raymond James Financial Inc. purchased a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $292,959,000. Boston Partners raised its holdings in Hewlett Packard Enterprise by 19.1% during the 4th quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock valued at $276,075,000 after buying an additional 2,058,562 shares during the period. Nordea Investment Management AB raised its holdings in Hewlett Packard Enterprise by 35.1% during the 4th 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. OFI Invest Asset Management purchased a new stake in Hewlett Packard Enterprise in the fourth quarter worth $34,778,000. Finally, National Bank of Canada FI increased its stake in Hewlett Packard Enterprise by 61.6% in the third 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. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock opened at $16.09 on Friday. Hewlett Packard Enterprise has a 1-year low of $14.64 and a 1-year high of $24.66. The stock’s 50-day moving average is $20.22 and its 200 day moving average is $20.48. The company has a market cap of $21.13 billion, a P/E ratio of 8.47, a PEG ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed 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. This represents a $0.52 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

Analyst Ratings Changes

HPE has been the topic of a number of recent analyst reports. Susquehanna reduced their target price 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. Stifel Nicolaus increased their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Morgan Stanley reduced their target price on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Daiwa America lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Finally, Wells Fargo & Company reduced their target price on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average target price of $21.27.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Company 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.