Krilogy Financial LLC Buys New Stake in Hewlett Packard Enterprise (NYSE:HPE)

Krilogy Financial LLC acquired a new position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,025 shares of the technology company's stock, valued at approximately $235,000.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on HPE shares. Raymond James raised Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and increased their target price for the company from $23.00 to $29.00 in a report on Monday, November 18th. Susquehanna reissued a "neutral" rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Loop Capital lifted their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a "hold" rating in a research note on Monday, December 9th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. Finally, StockNews.com downgraded shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 3rd. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.00.

Insider Activity at Hewlett Packard Enterprise

In other news, EVP John F. Schultz sold 262,818 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the sale, the executive vice president now owns 270,430 shares of the company's stock, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, December 9th. The shares were sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of the transaction, the director now owns 104,192 shares of the company's stock, valued at approximately $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. In the last 90 days, insiders have sold 332,166 shares of company stock worth $7,300,629. 0.40% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Trading Down 1.1 %

Hewlett Packard Enterprise stock traded down $0.25 during trading on Monday, hitting $23.16. The company had a trading volume of 19,926,183 shares, compared to its average volume of 11,881,842. The stock has a market cap of $30.46 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 2.05 and a beta of 1.20. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.24. The company's 50 day simple moving average is $21.85 and its 200-day simple moving average is $20.31.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.25%. Hewlett Packard Enterprise's payout ratio is presently 27.37%.

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.