Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC lifted its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 22.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 368,145 shares of the technology company’s stock after purchasing an additional 68,402 shares during the quarter. HighTower Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $7,860,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter worth about $25,000. Hara Capital LLC acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $28,000. Tandem Financial LLC acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $32,000. R Squared Ltd acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $45,000. Finally, Quest Partners LLC acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter worth about $50,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the sale, the senior vice president now directly owns 48,615 shares in the company, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.36% of the stock is owned by company insiders.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock opened at $15.88 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a twelve month low of $14.64 and a twelve month high of $24.66. The business has a 50-day moving average price of $20.70 and a 200 day moving average price of $20.58. The firm has a market cap of $20.85 billion, a PE ratio of 8.36, a P/E/G ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.28%. Hewlett Packard Enterprise’s dividend payout ratio is presently 25.37%.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of research reports. Daiwa America cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 12th. StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Morgan Stanley reduced their price objective on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Finally, Loop Capital reduced their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a research note on Monday, March 10th. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $21.27.

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.