Cibc World Markets Corp Acquires 28,527 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Cibc World Markets Corp raised its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 16.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 204,934 shares of the technology company’s stock after buying an additional 28,527 shares during the period. Cibc World Markets Corp’s holdings in Hewlett Packard Enterprise were worth $4,375,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Quest Partners LLC bought a new position in shares of Hewlett Packard Enterprise during the third quarter worth approximately $50,000. Pathstone Holdings LLC increased its stake in shares of Hewlett Packard Enterprise by 1.5% during the third quarter. Pathstone Holdings LLC now owns 158,004 shares of the technology company’s stock worth $3,237,000 after purchasing an additional 2,368 shares during the period. Caprock Group LLC increased its stake in shares of Hewlett Packard Enterprise by 19.5% during the third quarter. Caprock Group LLC now owns 99,722 shares of the technology company’s stock worth $2,053,000 after purchasing an additional 16,289 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in shares of Hewlett Packard Enterprise by 13.6% during the third quarter. Fifth Third Wealth Advisors LLC now owns 17,233 shares of the technology company’s stock worth $353,000 after purchasing an additional 2,068 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Hewlett Packard Enterprise during the third quarter worth approximately $4,349,000. Institutional investors own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on HPE. Bank of America lowered their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company lowered their price objective on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Loop Capital lowered their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research note on Monday, March 10th. Daiwa America lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Finally, Stifel Nicolaus raised their price objective 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. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and an average target price of $21.27.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares of the company’s stock, valued at $1,118,145. This trade represents a 19.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.36% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Trading Up 2.7 %

NYSE HPE opened at $16.36 on Thursday. 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 has a twelve month low of $14.64 and a twelve month high of $24.66. The company has a market cap of $21.48 billion, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The business’s fifty day moving average is $20.46 and its 200 day moving average is $20.52.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 25.37%.

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.