Hodges Capital Management Inc. Boosts Stake in Hewlett Packard Enterprise (NYSE:HPE)

Hodges Capital Management Inc. lifted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 46.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 751,064 shares of the technology company’s stock after acquiring an additional 237,164 shares during the quarter. Hodges Capital Management Inc.’s holdings in Hewlett Packard Enterprise were worth $16,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of HPE. Kathmere Capital Management LLC boosted its stake in shares of Hewlett Packard Enterprise by 87.2% in the 4th quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company’s stock worth $544,000 after buying an additional 11,869 shares during the last quarter. Lebenthal Global Advisors LLC boosted its position in Hewlett Packard Enterprise by 83.7% in the fourth quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock worth $771,000 after purchasing an additional 16,447 shares during the last quarter. Nordea Investment Management AB boosted its position in Hewlett Packard Enterprise by 35.1% in the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock worth $155,142,000 after purchasing an additional 1,885,559 shares during the last quarter. Moloney Securities Asset Management LLC bought a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at about $861,000. Finally, CHICAGO TRUST Co NA increased its position in shares of Hewlett Packard Enterprise by 67.8% during the 3rd quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock valued at $1,858,000 after purchasing an additional 36,704 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors.

Insider Activity at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 50,000 shares of the 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 sale, the director now owns 104,192 shares of the company’s stock, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jeremy Cox sold 7,771 shares of Hewlett Packard Enterprise 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 directly owns 61,735 shares of the company’s stock, 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. Over the last three months, insiders sold 332,166 shares of company stock valued at $7,300,629. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on HPE shares. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their target price for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $23.00 to $28.00 in a research note on Thursday, December 5th. StockNews.com raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Stifel Nicolaus upped their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $21.17 on Monday. 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 company’s fifty day moving average price is $22.10 and its 200-day moving average price is $20.44. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.66. The company has a market capitalization of $27.85 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 1.97 and a beta of 1.19.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 27.37%.

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.