28,883 Shares in Hewlett Packard Enterprise (NYSE:HPE) Purchased by USA Financial Formulas

USA Financial Formulas acquired a new stake in Hewlett Packard Enterprise (NYSE:HPE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 28,883 shares of the technology company’s stock, valued at approximately $617,000.

A number of other institutional investors also recently modified their holdings of HPE. Moloney Securities Asset Management LLC acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at approximately $861,000. Nordea Investment Management AB increased its stake in shares of Hewlett Packard Enterprise by 35.1% in the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after buying an additional 1,885,559 shares during the period. CHICAGO TRUST Co NA raised its position in shares of Hewlett Packard Enterprise by 67.8% during the third quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock worth $1,858,000 after acquiring an additional 36,704 shares during the last quarter. National Pension Service lifted its stake in shares of Hewlett Packard Enterprise by 17.3% during the third quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock valued at $65,528,000 after acquiring an additional 472,885 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 110.8% in the third quarter. HighTower Advisors LLC now owns 299,743 shares of the technology company’s stock valued at $6,102,000 after acquiring an additional 157,561 shares during the last quarter. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $23.31 on Thursday. The firm has a market capitalization of $30.66 billion, a PE ratio of 12.27, a P/E/G ratio of 2.05 and a beta of 1.20. The company has a 50-day moving average price of $21.75 and a two-hundred day moving average price of $20.26. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.24. 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.23%. Hewlett Packard Enterprise’s dividend payout ratio is currently 27.37%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the firm’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 transaction, the executive vice president now owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeremy Cox sold 7,771 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the completion of the sale, the senior vice president now directly owns 61,735 shares in the company, valued at approximately $1,419,905. This represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 332,166 shares of company stock valued at $7,300,629 over the last three months. 0.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barclays boosted their price objective on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Stifel Nicolaus increased their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. StockNews.com cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. Finally, Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Six research 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.