WBI Investments LLC Purchases 15,161 Shares of Hewlett Packard Enterprise (NYSE:HPE)

WBI Investments LLC raised its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 64.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,821 shares of the technology company's stock after purchasing an additional 15,161 shares during the quarter. WBI Investments LLC's holdings in Hewlett Packard Enterprise were worth $829,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HPE. Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth approximately $28,000. Tandem Financial LLC bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth approximately $32,000. Conquis Financial LLC bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth approximately $41,000. R Squared Ltd bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth approximately $45,000. Finally, Intact Investment Management Inc. bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth approximately $68,000. 80.78% of the stock is currently owned by institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the business's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HPE shares. Wells Fargo & Company reduced their price target on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. Barclays cut their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Loop Capital cut their target price on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research report on Monday, March 10th. StockNews.com lowered shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Bank of America cut their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of "Hold" and a consensus price target of $20.60.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $17.45 on Tuesday. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $24.66. The company's fifty day moving average price is $15.71 and its 200-day moving average price is $19.36. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The company has a market capitalization of $22.92 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 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.

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise (NYSE:HPE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.