Advisors Asset Management Inc. Purchases 51,224 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Advisors Asset Management Inc. grew its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 25.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 250,699 shares of the technology company's stock after buying an additional 51,224 shares during the period. Advisors Asset Management Inc.'s holdings in Hewlett Packard Enterprise were worth $5,352,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Mather Group LLC. lifted its stake in Hewlett Packard Enterprise by 6.2% in the 4th quarter. Mather Group LLC. now owns 7,557 shares of the technology company's stock worth $161,000 after purchasing an additional 440 shares in the last quarter. Lakewood Asset Management LLC raised its position in shares of Hewlett Packard Enterprise by 0.4% in the fourth quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company's stock worth $2,242,000 after buying an additional 457 shares in the last quarter. Essex Financial Services Inc. raised its position in shares of Hewlett Packard Enterprise by 3.6% in the fourth quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company's stock worth $286,000 after buying an additional 461 shares in the last quarter. Westside Investment Management Inc. boosted its stake in Hewlett Packard Enterprise by 0.8% during the fourth quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company's stock valued at $1,335,000 after buying an additional 475 shares during the period. Finally, Aviso Financial Inc. increased its stake in Hewlett Packard Enterprise by 0.9% in the 4th quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company's stock worth $1,154,000 after acquiring an additional 490 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors.

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Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the transaction, the senior vice president now owns 48,615 shares of the company's stock, valued at $1,118,145. This trade represents a 19.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.36% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Trading Up 2.8 %

HPE traded up $0.46 during midday trading on Monday, reaching $16.51. 24,157,642 shares of the company's stock traded hands, compared to its average volume of 15,145,255. Hewlett Packard Enterprise has a 52 week low of $14.64 and a 52 week 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. The firm has a fifty day moving average of $20.22 and a two-hundred day moving average of $20.49. The stock has a market capitalization of $21.68 billion, a price-to-earnings ratio of 8.69, a P/E/G ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.15%. Hewlett Packard Enterprise's dividend payout ratio is presently 25.37%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HPE shares. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price objective for the company in a report on Thursday, December 19th. StockNews.com cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price objective on the stock. in a research report on Wednesday, March 12th. 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. Finally, Stifel Nicolaus raised their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $21.27.

About Hewlett Packard Enterprise

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.