Vident Advisory LLC Boosts Stock Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• Vident Advisory LLC increased its stake in Hewlett Packard Enterprise by 14.6% in the first quarter, raising its total shares to 148,967, valued at approximately $2.3 million.
• Several large investors also boosted their holdings in Hewlett Packard Enterprise, with notable increases from firms like Colonial Trust Co SC and Farther Finance Advisors LLC.
• Wall Street analysts have raised their target prices for Hewlett Packard Enterprise, with Evercore ISI and Morgan Stanley both giving the company "buy" ratings and increasing their price objectives to $28.00.

Vident Advisory LLC increased its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 14.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 148,967 shares of the technology company's stock after purchasing an additional 19,034 shares during the quarter. Vident Advisory LLC's holdings in Hewlett Packard Enterprise were worth $2,299,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of HPE. Putney Financial Group LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at about $25,000. Alpine Bank Wealth Management purchased a new stake in Hewlett Packard Enterprise in the 1st quarter valued at about $25,000. Bruce G. Allen Investments LLC increased its stake in Hewlett Packard Enterprise by 345.0% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock valued at $26,000 after buying an additional 1,318 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in Hewlett Packard Enterprise in the 1st quarter valued at about $27,000. Finally, Hara Capital LLC purchased a new stake in Hewlett Packard Enterprise in the 4th quarter valued at about $28,000. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE traded up $0.37 during trading hours on Friday, reaching $23.53. The company had a trading volume of 24,229,009 shares, compared to its average volume of 19,697,092. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $24.66. The firm has a market cap of $30.88 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 2.10 and a beta of 1.43. The firm's 50 day moving average price is $21.26 and its 200-day moving average price is $18.38.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.2%. Hewlett Packard Enterprise's dividend payout ratio is 63.41%.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 68,590 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $20.54, for a total transaction of $616,200.00. Following the transaction, the executive vice president owned 42,427 shares of the company's stock, valued at approximately $871,450.58. This represents a 41.42% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 461,924 shares of company stock worth $10,110,183. 0.36% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on HPE. The Goldman Sachs Group increased their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday. Bank of America increased their price objective on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd. UBS Group increased their price objective on shares of Hewlett Packard Enterprise from $18.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday. KeyCorp started coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, June 26th. They set a "sector weight" rating for the company. Finally, Wall Street Zen raised shares of Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $24.87.

Hewlett Packard Enterprise 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.