Principal Financial Group Inc. reduced its holdings of Hewlett Packard Enterprise (NYSE: HPE) by 2.4% in the fourth quarter, according to their recent 13F filing with the SEC. They sold 35,449 shares, leaving them with 1,455,299 shares valued at $24,711,000. Other institutional investors also made changes to their positions in the company, with Fifth Third Bancorp, Wealthfront Advisers LLC, Daiwa Securities Group Inc., Empirical Finance LLC, and Tokio Marine Asset Management Co. Ltd. all increasing their holdings.
Analysts have recently updated their ratings on HPE stock. Morgan Stanley raised their target price to $19.00, Barclays lowered theirs to $14.00, StockNews.com downgraded the stock, Wells Fargo raised their price target to $19.00, and Stifel Nicolaus lowered theirs to $18.00. Eight analysts have rated the stock as a hold, while three have assigned a buy rating. MarketBeat.com reports a consensus rating of “Hold” with an average price target of $17.91.
Hewlett Packard Enterprise’s stock performance shows a 52-week low of $13.79 and a high of $20.07. Their 50-day moving average is $17.38, and their 200-day moving average is $16.54. The company reported $0.48 earnings per share in the last quarter, beating analysts’ estimates. They also announced a quarterly dividend of $0.13, paid on April 12.
In insider trading news, senior vice president Jeremy Cox sold 18,323 shares of HPE stock, valued at $310,758.08. The company operates in six segments: Computing, HPC and Artificial Intelligence, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Others.
Overall, despite changes in institutional holdings and analyst ratings, Hewlett Packard Enterprise continues to perform steadily in the market.
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https://www.defenseworld.net/2024/05/20/hewlett-packard-enterprise-nysehpe-shares-sold-by-principal-financial-group-inc.html
