Norges Bank Makes New Investment in Hewlett Packard Enterprise (NYSE:HPE)

Norges Bank purchased a new stake in Hewlett Packard Enterprise (NYSE:HPE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,576,901 shares of the technology company’s stock, valued at approximately $119,067,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Hara Capital LLC purchased a new position in Hewlett Packard Enterprise in the fourth quarter worth approximately $28,000. Tandem Financial LLC purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth $32,000. R Squared Ltd acquired a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth about $45,000. Tompkins Financial Corp raised its holdings in Hewlett Packard Enterprise by 397.9% in the 4th quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company’s stock valued at $61,000 after buying an additional 2,300 shares during the period. Finally, Intact Investment Management Inc. acquired a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $68,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Down 1.8 %

Shares of Hewlett Packard Enterprise stock opened at $15.51 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 52-week low of $14.64 and a 52-week high of $24.66. The company has a market capitalization of $20.37 billion, a P/E ratio of 8.16, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a 50 day moving average of $19.40 and a 200 day moving average of $20.45.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.35%. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the transaction, the senior vice president now directly owns 48,615 shares in the company, valued at $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HPE shares. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Daiwa America lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Daiwa Capital Markets lowered Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Wednesday, March 12th. Loop Capital cut their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, March 10th. Finally, Stifel Nicolaus raised their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and an average target price of $21.27.

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.