Midwest Professional Planners LTD. Has $1.88 Million Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Midwest Professional Planners LTD. boosted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 18.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 88,057 shares of the technology company’s stock after acquiring an additional 13,763 shares during the period. Midwest Professional Planners LTD.’s holdings in Hewlett Packard Enterprise were worth $1,880,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Mather Group LLC. grew its holdings in Hewlett Packard Enterprise by 6.2% during 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 holdings in Hewlett Packard Enterprise by 0.4% during the 4th quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company’s stock worth $2,242,000 after acquiring an additional 457 shares during the period. Essex Financial Services Inc. grew its holdings in shares of 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 valued at $286,000 after buying an additional 461 shares during the period. Westside Investment Management Inc. grew its holdings in shares of 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 valued at $1,335,000 after buying an additional 475 shares during the period. Finally, Aviso Financial Inc. raised its stake in Hewlett Packard Enterprise by 0.9% during the 4th quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company’s stock worth $1,154,000 after buying an additional 490 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

HPE opened at $14.77 on Friday. Hewlett Packard Enterprise has a 52-week low of $14.64 and a 52-week high of $24.66. The firm has a market capitalization of $19.40 billion, a PE ratio of 7.77, a PEG ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The business’s 50-day simple moving average is $20.96 and its 200 day simple moving average is $20.60.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders 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 yield of 3.52%. Hewlett Packard Enterprise’s dividend payout ratio is 25.37%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HPE. Stifel Nicolaus lifted their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company reduced their target price on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. Susquehanna reduced their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. StockNews.com lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Finally, Loop Capital reduced their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a report on Monday. Nine investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.27.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the company’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 value of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.36% of the company’s stock.

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.