Grantham Mayo Van Otterloo & Co. LLC Sells 248,833 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Grantham Mayo Van Otterloo & Co. LLC reduced its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 10.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,180,399 shares of the technology company’s stock after selling 248,833 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Hewlett Packard Enterprise were worth $46,552,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in Hewlett Packard Enterprise by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company’s stock worth $686,011,000 after purchasing an additional 681,242 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Hewlett Packard Enterprise in the fourth quarter worth approximately $292,959,000. Boston Partners grew its position in Hewlett Packard Enterprise by 19.1% during the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock valued at $276,075,000 after acquiring an additional 2,058,562 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Hewlett Packard Enterprise by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company’s stock worth $208,055,000 after acquiring an additional 135,874 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of 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 worth $155,142,000 after acquiring an additional 1,885,559 shares during the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the sale, the senior vice president now directly owns 48,615 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this link. 0.36% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on HPE. Bank of America decreased their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Barclays lowered their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Stifel Nicolaus raised their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Morgan Stanley lowered their price objective on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.27.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $12.78 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The firm’s fifty day simple moving average is $18.63 and its 200 day simple moving average is $20.34. The stock has a market cap of $16.78 billion, a P/E ratio of 6.72, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a twelve month low of $11.97 and a twelve month high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is 25.37%.

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.