Signaturefd LLC Raises Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Signaturefd LLC increased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,985 shares of the technology company’s stock after purchasing an additional 663 shares during the period. Signaturefd LLC’s holdings in Hewlett Packard Enterprise were worth $597,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in shares of Hewlett Packard Enterprise by 0.8% in the third quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock worth $642,748,000 after buying an additional 251,076 shares during the period. Pacer Advisors Inc. raised its holdings 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 buying an additional 4,194,213 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Hewlett Packard Enterprise by 6.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company’s stock worth $321,149,000 after acquiring an additional 921,624 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Hewlett Packard Enterprise in the 4th quarter worth approximately $292,959,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Hewlett Packard Enterprise by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company’s stock valued at $208,055,000 after purchasing an additional 135,874 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the transaction, the senior vice president now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HPE shares. Barclays decreased their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Morgan Stanley lowered their target price 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. Bank of America dropped their target price on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Loop Capital reduced their price target on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a report on Monday, March 10th. Finally, StockNews.com lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued 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 target price of $21.27.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $16.36 on Thursday. The company has a market cap of $21.48 billion, a PE ratio of 8.61, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a fifty-two week low of $14.64 and a fifty-two week high of $24.66. The firm has a 50-day simple moving average of $20.46 and a 200 day simple moving average of $20.52. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 25.37%.

Hewlett Packard Enterprise Company 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.