Hewlett Packard Enterprise (NYSE:HPE) Stock Position Lifted by Cowa LLC

Cowa LLC raised its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 332.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,609 shares of the technology company’s stock after purchasing an additional 36,609 shares during the period. Cowa LLC’s holdings in Hewlett Packard Enterprise were worth $1,016,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mather Group LLC. raised its holdings in Hewlett Packard Enterprise by 6.2% in the 4th quarter. Mather Group LLC. now owns 7,557 shares of the technology company’s stock worth $161,000 after acquiring an additional 440 shares during the period. Lakewood Asset Management LLC grew its position in Hewlett Packard Enterprise by 0.4% in the 4th quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company’s stock worth $2,242,000 after purchasing an additional 457 shares during the last quarter. Essex Financial Services Inc. grew its position in Hewlett Packard Enterprise by 3.6% in the 4th quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company’s stock worth $286,000 after purchasing an additional 461 shares during the last quarter. Westside Investment Management Inc. grew its position in Hewlett Packard Enterprise by 0.8% in the 4th quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock worth $1,335,000 after purchasing an additional 475 shares during the last quarter. Finally, Waterfront Wealth Inc. grew its position in Hewlett Packard Enterprise by 0.4% in the 4th quarter. Waterfront Wealth Inc. now owns 129,698 shares of the technology company’s stock worth $2,769,000 after purchasing an additional 524 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling

In related news, EVP John F. Schultz sold 262,818 shares of the business’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 transaction of $5,682,125.16. Following the completion of the sale, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $1,173,500.00. Following the sale, the director now directly owns 104,192 shares of the company’s stock, valued at approximately $2,445,386.24. This trade represents a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 332,166 shares of company stock valued at $7,300,629 over the last ninety days. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Trading Down 2.6 %

HPE opened at $21.17 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The company has a market cap of $27.80 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. The firm has a 50 day simple moving average of $21.96 and a 200 day simple moving average of $20.58. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The firm 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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.37%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Loop Capital lifted their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft upgraded 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 report 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 report on Friday, December 6th. Finally, Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.