Barnett & Company Inc. Acquires 24,158 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Barnett & Company Inc. boosted its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 29.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,858 shares of the technology company’s stock after buying an additional 24,158 shares during the quarter. Hewlett Packard Enterprise makes up 1.5% of Barnett & Company Inc.’s holdings, making the stock its 22nd biggest holding. Barnett & Company Inc.’s holdings in Hewlett Packard Enterprise were worth $2,281,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC bought a new position in shares of Hewlett Packard Enterprise during the third quarter worth about $50,000. Pathstone Holdings LLC increased its position in shares of Hewlett Packard Enterprise by 1.5% during the third quarter. Pathstone Holdings LLC now owns 158,004 shares of the technology company’s stock worth $3,237,000 after buying an additional 2,368 shares during the period. Avior Wealth Management LLC raised its stake in Hewlett Packard Enterprise by 6.4% during the third quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company’s stock worth $198,000 after buying an additional 579 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Hewlett Packard Enterprise by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,609,078 shares of the technology company’s stock valued at $196,602,000 after buying an additional 129,463 shares during the period. Finally, Raymond James Trust N.A. boosted its position in Hewlett Packard Enterprise by 387.0% during the third quarter. Raymond James Trust N.A. now owns 94,346 shares of the technology company’s stock valued at $1,930,000 after acquiring an additional 74,973 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

HPE has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, March 7th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Thursday, December 19th. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Daiwa America cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. Finally, Stifel Nicolaus increased their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $21.27.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were 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 in the company, valued at $1,118,145. This represents a 19.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Stock Down 0.9 %

Hewlett Packard Enterprise stock opened at $16.09 on Monday. The firm has a market capitalization of $21.13 billion, a price-to-earnings ratio of 8.47, a P/E/G ratio of 2.03 and a beta of 1.20. The firm has a 50 day simple moving average of $20.22 and a 200 day simple moving average of $20.49. Hewlett Packard Enterprise has a 1-year low of $14.64 and a 1-year high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.23%. Hewlett Packard Enterprise’s payout ratio is 25.37%.

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.