Ieq Capital LLC Grows Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Ieq Capital LLC raised its position in Hewlett Packard Enterprise (NYSE:HPE) by 224.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 280,685 shares of the technology company’s stock after acquiring an additional 194,232 shares during the quarter. Ieq Capital LLC’s holdings in Hewlett Packard Enterprise were worth $5,993,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Eagle Asset Management Inc. boosted its stake in shares of 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 in the last quarter. Mizuho Markets Americas LLC bought a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at about $105,185,000. Pacer Advisors Inc. boosted its stake in shares of 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 valued at $560,274,000 after purchasing an additional 4,194,213 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of 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 valued at $155,142,000 after purchasing an additional 1,885,559 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Hewlett Packard Enterprise by 61.6% during the 3rd quarter. National Bank of Canada FI now owns 3,504,681 shares of the technology company’s stock valued at $71,706,000 after purchasing an additional 1,335,318 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 2.6 %

Shares of NYSE HPE opened at $21.17 on Friday. The firm’s 50 day moving average price is $21.96 and its 200-day moving average price is $20.58. The company has a market cap of $27.80 billion, a PE ratio of 11.14, a P/E/G ratio of 2.03 and a beta of 1.19. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $24.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were paid a $0.13 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.46%. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.37%.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP John F. Schultz sold 262,818 shares of the company’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 value of $5,682,125.16. Following the transaction, the executive vice president now owns 270,430 shares in the company, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gary M. Reiner sold 50,000 shares of the company’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 transaction of $1,173,500.00. Following the completion of the transaction, the director now owns 104,192 shares in the company, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 332,166 shares of company stock worth $7,300,629. Corporate insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Thursday, December 19th. Stifel Nicolaus lifted their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their target price for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Barclays boosted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, StockNews.com lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

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.