Connor Clark & Lunn Investment Management Ltd. Increases Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,068,344 shares of the technology company’s stock after purchasing an additional 52,186 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Hewlett Packard Enterprise were worth $44,159,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in HPE. RPg Family Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the third quarter worth $26,000. Hara Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth $28,000. Tandem Financial LLC purchased a new position in Hewlett Packard Enterprise during the fourth quarter worth about $32,000. Finally, R Squared Ltd acquired a new stake in Hewlett Packard Enterprise in the fourth quarter valued at about $45,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Trading Down 1.8 %

Shares of Hewlett Packard Enterprise stock opened at $15.07 on Thursday. The business has a 50 day moving average price of $21.09 and a 200 day moving average price of $20.64. The company has a market capitalization of $19.79 billion, a P/E ratio of 7.93, a P/E/G 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 has a 1 year low of $14.85 and a 1 year high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be issued a $0.13 dividend. 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 3.45%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 25.37%.

Analyst Ratings Changes

Several research firms have issued reports on HPE. Loop Capital dropped their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday. Barclays cut their price objective on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Morgan Stanley decreased their target price on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Thursday, December 19th. Finally, StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Eight 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, the company currently has an average rating of “Moderate Buy” and an average price target of $21.27.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction that occurred on 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 represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.36% of the company’s stock.

About Hewlett Packard Enterprise

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.