Lebenthal Global Advisors LLC Has $771,000 Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Lebenthal Global Advisors LLC lifted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 83.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,096 shares of the technology company's stock after acquiring an additional 16,447 shares during the quarter. Lebenthal Global Advisors LLC's holdings in Hewlett Packard Enterprise were worth $771,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Hewlett Packard Enterprise in the third quarter worth about $25,000. Valley Wealth Managers Inc. acquired a new position in Hewlett Packard Enterprise during the 3rd quarter worth approximately $26,000. Financial Management Professionals Inc. boosted its holdings in Hewlett Packard Enterprise by 80.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock worth $29,000 after acquiring an additional 637 shares during the period. Rise Advisors LLC grew its position in Hewlett Packard Enterprise by 45.5% in the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company's stock valued at $41,000 after acquiring an additional 625 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $48,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock traded down $0.02 during midday trading on Friday, reaching $21.17. 16,985,973 shares of the stock traded hands, compared to its average volume of 16,450,660. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.66. 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 firm has a market cap of $27.85 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 2.01 and a beta of 1.20. The firm has a fifty day moving average price of $22.12 and a two-hundred day moving average price of $20.45.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.46%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise's dividend payout ratio is currently 27.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 7,771 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the transaction, the senior vice president now owns 61,735 shares in the company, valued at $1,419,905. This trade represents a 11.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of the sale, the director now owns 104,192 shares of the company's stock, valued at $2,445,386.24. This trade represents a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 332,166 shares of company stock valued at $7,300,629 in the last quarter. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HPE. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price target on the stock in a report on Thursday, December 19th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. Citigroup raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $23.00 to $26.00 in a report on Friday, December 6th. Stifel Nicolaus increased their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Finally, Loop Capital lifted their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a "hold" rating in a research report on Monday, December 9th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.00.

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.