E Fund Management Co. Ltd. Purchases 6,965 Shares of Hewlett Packard Enterprise (NYSE:HPE)

E Fund Management Co. Ltd. lifted its position in Hewlett Packard Enterprise (NYSE:HPE) by 36.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,144 shares of the technology company’s stock after purchasing an additional 6,965 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Hewlett Packard Enterprise were worth $558,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Hewlett Packard Enterprise in the third quarter worth $25,000. Valley Wealth Managers Inc. bought a new position in shares of Hewlett Packard Enterprise in the third quarter worth $26,000. Hara Capital LLC bought a new position in Hewlett Packard Enterprise in the fourth quarter valued at $28,000. Tandem Financial LLC bought a new position in Hewlett Packard Enterprise in the fourth quarter valued at $32,000. Finally, R Squared Ltd bought a new position in Hewlett Packard Enterprise in the fourth quarter valued at $45,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $15.82 on Friday. 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 firm has a 50-day moving average of $21.47 and a 200-day moving average of $20.71. The firm has a market cap of $20.77 billion, a P/E ratio of 8.32, a P/E/G ratio of 2.03 and a beta of 1.19. Hewlett Packard Enterprise has a 1-year low of $14.93 and a 1-year high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be issued 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 3.29%. Hewlett Packard Enterprise’s dividend payout ratio is currently 27.37%.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value of $5,682,125.16. Following the completion of the sale, the executive vice president now directly owns 270,430 shares in the company, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction 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 $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 324,395 shares of company stock worth $7,121,896. Company insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Thursday, December 19th. Barclays reduced their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the company from $23.00 to $26.00 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. 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. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $22.21.

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.