Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by Ballentine Partners LLC

Ballentine Partners LLC grew its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 65,918 shares of the technology company’s stock after purchasing an additional 934 shares during the quarter. Ballentine Partners LLC’s holdings in Hewlett Packard Enterprise were worth $1,407,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HPE. RPg Family Wealth Advisory LLC acquired a new position in Hewlett Packard Enterprise in the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. acquired a new position in Hewlett Packard Enterprise in the 3rd quarter worth approximately $26,000. Financial Management Professionals Inc. increased its holdings in Hewlett Packard Enterprise by 80.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after buying an additional 637 shares during the period. Rise Advisors LLC increased its holdings in Hewlett Packard Enterprise by 45.5% in the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock worth $41,000 after buying an additional 625 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new position in Hewlett Packard Enterprise in the 3rd quarter worth approximately $48,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 2.5 %

Shares of NYSE:HPE opened at $23.71 on Wednesday. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $24.24. The firm has a market capitalization of $31.19 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 2.15 and a beta of 1.20. 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 business’s 50 day moving average price is $21.87 and its 200-day moving average price is $20.33.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.19%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.37%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded 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 report on Thursday, December 19th. Susquehanna reaffirmed a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. StockNews.com cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Finally, Barclays raised their price objective 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 equities 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,771 shares of the firm’s stock in a transaction 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of the transaction, the director now owns 104,192 shares in the company, valued at $2,445,386.24. The trade was a 32.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 332,166 shares of company stock worth $7,300,629. Corporate insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Company 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.