In the latest 13F filing with the Securities and Exchange Commission, Panagora Asset Management Inc. disclosed a 57.8% reduction in its stake in Hewlett Packard Enterprise (NYSE: HPE). The fund sold 275,155 shares, leaving it with 200,503 shares valued at $3,405,000.
Other institutional investors have also made moves with Hewlett Packard Enterprise. Authentikos Wealth Advisory LLC bought a new stake, while Ritter Daniher Financial Advisory LLC DE and Salem Investment Counselors Inc. increased their holdings in the company. Overall, hedge funds and institutional investors currently own 80.78% of the shares.
In insider trading news, senior vice president Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise stock for $310,758.08, with a total value of $310,758.08. This transaction lowered the insider ownership to 0.40%.
Several analysts have adjusted their price targets for Hewlett Packard Enterprise. While some have raised their targets, others have lowered them, resulting in a consensus rating of “Hold” with an average price target of $17.91.
Hewlett Packard Enterprise’s recent financial performance showed a decrease in operations by 0.2%. The company’s stock opened at $17.86, with a 52-week range between $13.79 and $20.07. The company reported $0.48 earnings per share, beating estimates, but also saw a decrease in revenue compared to the previous year.
Furthermore, Hewlett Packard Enterprise announced a quarterly dividend of $0.13 per share, representing an annualized dividend of $0.52 and a yield of 2.91%. The ex-dividend date was March 14, with a payout ratio of 35.86%.
Hewlett Packard Enterprise, operating in various segments including Computing, HPC, Storage, and Financial Services, offers solutions for data analysis and utilization across different regions globally.
For more information on hedge fund holdings and insider trading related to Hewlett Packard Enterprise, investors can visit HoldingsChannel.com and stay updated with the latest news and analyst ratings through a daily email newsletter from MarketBeat.com.
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