Cornerstone Select Advisors LLC Buys Shares of 35,715 Hewlett Packard Enterprise (NYSE:HPE)

Cornerstone Select Advisors LLC purchased a new position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 35,715 shares of the technology company's stock, valued at approximately $763,000.

Other large investors have also added to or reduced their stakes in the company. Hara Capital LLC purchased a new stake in Hewlett Packard Enterprise during the fourth quarter valued at approximately $28,000. Tandem Financial LLC bought a new position in Hewlett Packard Enterprise in the 4th quarter worth approximately $32,000. Conquis Financial LLC purchased a new position in Hewlett Packard Enterprise during the fourth quarter valued at $41,000. R Squared Ltd bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth about $45,000. Finally, Tompkins Financial Corp boosted its position in shares of Hewlett Packard Enterprise by 397.9% during the 4th quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company's stock valued at $61,000 after acquiring an additional 2,300 shares during the last quarter. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Trading Down 1.1 %

Shares of Hewlett Packard Enterprise stock opened at $16.48 on Wednesday. The firm has a fifty day moving average price of $15.69 and a 200 day moving average price of $19.51. The stock has a market cap of $21.65 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. Hewlett Packard Enterprise has a 1 year low of $11.97 and a 1 year high of $24.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.16%. The ex-dividend date was Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio is currently 25.37%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the company's 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is owned by company insiders.

Analyst Ratings Changes

HPE has been the subject of a number of analyst reports. Susquehanna lowered their price target on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Bank of America decreased their price objective on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a report on Friday, March 7th. Wells Fargo & Company decreased their price objective on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Daiwa America lowered Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Finally, Loop Capital cut their price objective on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a research report on Monday, March 10th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $20.60.

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.

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