Nisa Investment Advisors LLC Has $19.55 Million Stake in Hewlett Packard Enterprise (NYSE:HPE)

Nisa Investment Advisors LLC grew its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 78.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 909,919 shares of the technology company’s stock after buying an additional 401,016 shares during the period. Nisa Investment Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $19,545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Eagle Asset Management Inc. boosted its stake in Hewlett Packard Enterprise by 3,537.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock worth $127,571,000 after acquiring an additional 5,629,006 shares during the last quarter. Mizuho Markets Americas LLC bought a new position in shares of Hewlett Packard Enterprise during the third quarter worth $105,185,000. Pacer Advisors Inc. boosted its position in shares of Hewlett Packard Enterprise by 18.1% during the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after purchasing an additional 4,194,213 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Hewlett Packard Enterprise by 92.5% in the 3rd quarter. Raymond James & Associates now owns 4,404,520 shares of the technology company’s stock valued at $90,116,000 after buying an additional 2,116,824 shares during the period. Finally, Nordea Investment Management AB increased its position 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 in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Up 3.0 %

HPE stock opened at $24.42 on Thursday. The company has a market cap of $32.11 billion, a price-to-earnings ratio of 12.85, a P/E/G ratio of 2.15 and a beta of 1.20. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.66. The business has a 50 day moving average price of $21.91 and a two-hundred day moving average price of $20.35. 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 company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were issued 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 yield of 2.13%. Hewlett Packard Enterprise’s payout ratio is 27.37%.

Insiders Place Their Bets

In related news, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, December 11th. The stock was 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 in the company, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were 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 owns 61,735 shares in the company, valued at $1,419,905. This represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Susquehanna reissued a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $23.00 to $28.00 in a research note on Thursday, December 5th. Loop Capital lifted their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price objective for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Finally, Barclays boosted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $24.00.

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.