Beacon Pointe Advisors LLC grew its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 14.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 271,671 shares of the technology company's stock after purchasing an additional 33,278 shares during the quarter. Beacon Pointe Advisors LLC's holdings in Hewlett Packard Enterprise were worth $5,800,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Kathmere Capital Management LLC grew 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 lifted its holdings 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 valued at $771,000 after acquiring an additional 16,447 shares during the period. Nordea Investment Management AB boosted its holdings in shares of 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 buying an additional 1,885,559 shares during the last quarter. Korea Investment CORP grew its position in shares of Hewlett Packard Enterprise by 8.3% during the 4th quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company's stock valued at $21,434,000 after acquiring an additional 77,244 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in Hewlett Packard Enterprise by 78.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company's stock valued at $19,545,000 after purchasing an additional 401,016 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Daiwa America lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Daiwa Capital Markets cut Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price objective for the company. in a report on Wednesday, March 12th. Barclays dropped their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Finally, Wells Fargo & Company cut their price target 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. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $20.60.
Get Our Latest Research Report on HPE
Insider Buying and Selling at Hewlett Packard Enterprise
In related news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.36% of the company's stock.
Hewlett Packard Enterprise Stock Performance
Shares of NYSE HPE traded up $0.46 during midday trading on Friday, reaching $16.87. The company had a trading volume of 15,401,955 shares, compared to its average volume of 17,011,988. Hewlett Packard Enterprise has a 1 year low of $11.97 and a 1 year high of $24.66. The business's 50-day simple moving average is $15.83 and its 200 day simple moving average is $19.58. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock has a market cap of $22.16 billion, a P/E ratio of 8.88, a P/E/G ratio of 2.03 and a beta of 1.29.
Hewlett Packard Enterprise Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise's payout ratio is 25.37%.
About Hewlett Packard Enterprise
(
Free Report)
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.
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