Dimensional Fund Advisors LP Lowers Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Dimensional Fund Advisors LP trimmed its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 6.3% in the fourth quarter, Holdings Channel reports. The fund owned 17,795,191 shares of the technology company’s stock after selling 1,200,884 shares during the period. Dimensional Fund Advisors LP’s holdings in Hewlett Packard Enterprise were worth $379,954,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Kathmere Capital Management LLC raised its position in Hewlett Packard Enterprise by 87.2% during the 4th quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company’s stock worth $544,000 after buying an additional 11,869 shares during the last quarter. Lebenthal Global Advisors LLC lifted its position in Hewlett Packard Enterprise by 83.7% in the fourth quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock valued at $771,000 after purchasing an additional 16,447 shares during the period. Nordea Investment Management AB boosted its holdings in Hewlett Packard Enterprise by 35.1% in 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 purchasing an additional 1,885,559 shares in the last quarter. Korea Investment CORP increased its position in Hewlett Packard Enterprise by 8.3% during the 4th quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company’s stock worth $21,434,000 after purchasing an additional 77,244 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 78.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company’s stock worth $19,545,000 after buying an additional 401,016 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $15.13 on Friday. Hewlett Packard Enterprise has a 1 year low of $11.97 and a 1 year high of $24.66. The company’s 50 day simple moving average is $16.89 and its 200 day simple moving average is $19.89. The company has a market capitalization of $19.87 billion, a price-to-earnings ratio of 7.96, a PEG ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 25.37%.

Insider Activity

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

HPE has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Daiwa Capital Markets downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a report on Wednesday, March 12th. Bank of America reduced their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Finally, Barclays reduced their price objective on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.60.

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.