Black Swift Group LLC Raises Position in Hewlett Packard Enterprise (NYSE:HPE)

Black Swift Group LLC grew its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 92.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 115,250 shares of the technology company’s stock after purchasing an additional 55,250 shares during the period. Black Swift Group LLC’s holdings in Hewlett Packard Enterprise were worth $2,461,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stephens Inc. AR grew its position in Hewlett Packard Enterprise by 12.3% during the 3rd quarter. Stephens Inc. AR now owns 17,998 shares of the technology company’s stock worth $368,000 after purchasing an additional 1,972 shares during the period. National Pension Service grew its position in Hewlett Packard Enterprise by 17.3% during the 3rd quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock worth $65,528,000 after purchasing an additional 472,885 shares during the period. QRG Capital Management Inc. grew its position in shares of Hewlett Packard Enterprise by 30.2% during the 3rd quarter. QRG Capital Management Inc. now owns 337,116 shares of the technology company’s stock valued at $6,897,000 after acquiring an additional 78,221 shares during the period. Impax Asset Management Group plc grew its position in shares of Hewlett Packard Enterprise by 58.9% during the 3rd quarter. Impax Asset Management Group plc now owns 45,139 shares of the technology company’s stock valued at $924,000 after acquiring an additional 16,739 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at about $48,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Activity

In other news, EVP John F. Schultz sold 262,818 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 270,430 shares in the company, valued at $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jeremy Cox sold 7,771 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the transaction, the senior vice president now owns 61,735 shares in the company, valued at approximately $1,419,905. This trade represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 332,166 shares of company stock valued at $7,300,629. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $18.89 on Thursday. Hewlett Packard Enterprise has a 1-year low of $15.77 and a 1-year high of $24.66. The stock has a market cap of $24.81 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. 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 firm has a fifty day moving average price of $21.67 and a 200 day moving average price of $20.75.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HPE. Stifel Nicolaus raised their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 6th. 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. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Thursday, December 19th. Citigroup upgraded 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 report on Friday, December 6th. Finally, Barclays boosted their price target 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. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and an average target price of $24.00.

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.