Hewlett Packard Enterprise (NYSE:HPE) Shares Acquired by Milestone Asset Management LLC

Milestone Asset Management LLC boosted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 35.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,369 shares of the technology company’s stock after purchasing an additional 24,197 shares during the quarter. Milestone Asset Management LLC’s holdings in Hewlett Packard Enterprise were worth $1,972,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HPE. Eagle Asset Management Inc. boosted its position in Hewlett Packard Enterprise by 3,537.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock valued at $127,571,000 after purchasing an additional 5,629,006 shares during the period. Mizuho Markets Americas LLC acquired a new position in Hewlett Packard Enterprise during the 3rd quarter worth $105,185,000. Pacer Advisors Inc. boosted its position in Hewlett Packard Enterprise by 18.1% during the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after acquiring an additional 4,194,213 shares during the period. Raymond James & Associates boosted its position in Hewlett Packard Enterprise by 92.5% during the 3rd quarter. Raymond James & Associates now owns 4,404,520 shares of the technology company’s stock worth $90,116,000 after acquiring an additional 2,116,824 shares during the period. Finally, Nordea Investment Management AB boosted its position in Hewlett Packard Enterprise by 35.1% during 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 period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 1.0 %

Hewlett Packard Enterprise stock 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 business’s 50-day simple moving average is $22.12 and its 200-day simple moving average is $20.44. The firm has a market capitalization of $28.51 billion, a PE ratio of 11.41, a PEG ratio of 2.27 and a beta of 1.20. 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 declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.40%. Hewlett Packard Enterprise’s dividend payout ratio is 27.37%.

Insider Activity at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $23.47, for a total value of $1,173,500.00. Following the transaction, the director now directly owns 104,192 shares of the company’s stock, valued at $2,445,386.24. The trade was a 32.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeremy Cox sold 7,771 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the completion of the transaction, the senior vice president now directly owns 61,735 shares in the company, valued at $1,419,905. The trade was a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 332,166 shares of company stock worth $7,300,629 over the last three months. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the company from $23.00 to $26.00 in a report on Friday, December 6th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. Susquehanna reissued a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Barclays lifted their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, December 19th. Six investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

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.