168,547 Shares in Hewlett Packard Enterprise (NYSE:HPE) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in Hewlett Packard Enterprise (NYSE:HPE) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 168,547 shares of the technology company’s stock, valued at approximately $3,598,000.

A number of other large investors have also added to or reduced their stakes in HPE. Kathmere Capital Management LLC increased its position in shares of Hewlett Packard Enterprise by 87.2% during the fourth quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company’s stock worth $544,000 after purchasing an additional 11,869 shares in the last quarter. Lebenthal Global Advisors LLC grew its stake in Hewlett Packard Enterprise by 83.7% during the 4th quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock worth $771,000 after buying an additional 16,447 shares during the last quarter. Nordea Investment Management AB increased its position in Hewlett Packard Enterprise by 35.1% during 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. Moloney Securities Asset Management LLC purchased a new stake in Hewlett Packard Enterprise in the third quarter valued at about $861,000. Finally, National Pension Service boosted its holdings in Hewlett Packard Enterprise by 17.3% in the third quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock worth $65,528,000 after acquiring an additional 472,885 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the sale, the senior vice president now owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 270,430 shares in the company, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 332,166 shares of company stock valued at $7,300,629. 0.36% of the stock is owned by company insiders.

Hewlett Packard Enterprise Stock Down 1.0 %

HPE stock opened at $18.83 on Wednesday. The firm’s fifty day moving average is $21.73 and its 200 day moving average is $20.76. The firm has a market cap of $24.74 billion, a PE ratio of 9.91, a P/E/G ratio of 2.03 and a beta of 1.19. Hewlett Packard Enterprise has a one year low of $15.77 and a one year high of $24.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were paid a $0.13 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.76%. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.37%.

Analyst Ratings Changes

Several equities analysts recently commented on HPE shares. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. Barclays raised their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $23.00 to $29.00 in a report on Monday, November 18th. Stifel Nicolaus raised their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price target for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

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.