Foster & Motley Inc. Has $8.41 Million Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Foster & Motley Inc. boosted its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 393,900 shares of the technology company’s stock after buying an additional 3,008 shares during the period. Foster & Motley Inc.’s holdings in Hewlett Packard Enterprise were worth $8,410,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HPE. Kathmere Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 11,869 shares during the period. Lebenthal Global Advisors LLC lifted its position in shares of Hewlett Packard Enterprise by 83.7% during the 4th quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock worth $771,000 after buying an additional 16,447 shares during the period. Nordea Investment Management AB grew its position in Hewlett Packard Enterprise by 35.1% in the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after acquiring an additional 1,885,559 shares during the period. Moloney Securities Asset Management LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at $861,000. Finally, CHICAGO TRUST Co NA grew its holdings in shares of Hewlett Packard Enterprise by 67.8% in the 3rd quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock worth $1,858,000 after purchasing an additional 36,704 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HPE. StockNews.com raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Loop Capital raised their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their target price for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $23.00 to $29.00 in a report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Thursday, December 19th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $21.68 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The stock has a market cap of $28.51 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 2.27 and a beta of 1.20. The business has a 50 day simple moving average of $22.12 and a 200 day simple moving average of $20.44. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is 27.37%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction 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 legal filing with the SEC, which is available at this hyperlink. Also, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction that occurred 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 approximately $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 332,166 shares of company stock valued at $7,300,629 in the last quarter. 0.40% of the stock is currently owned by insiders.

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.