Barnett & Company Inc. Acquires 24,158 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Barnett & Company Inc. lifted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 29.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,858 shares of the technology company's stock after buying an additional 24,158 shares during the period. Hewlett Packard Enterprise makes up about 1.5% of Barnett & Company Inc.'s investment portfolio, making the stock its 22nd largest holding. Barnett & Company Inc.'s holdings in Hewlett Packard Enterprise were worth $2,281,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Kathmere Capital Management LLC increased its stake in Hewlett Packard Enterprise by 87.2% during the 4th quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company's stock valued at $544,000 after buying an additional 11,869 shares during the period. Lebenthal Global Advisors LLC boosted its holdings in shares of Hewlett Packard Enterprise by 83.7% in the fourth quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company's stock valued at $771,000 after acquiring an additional 16,447 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Hewlett Packard Enterprise by 35.1% during the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock valued at $155,142,000 after acquiring an additional 1,885,559 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Hewlett Packard Enterprise by 78.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company's stock valued at $19,545,000 after acquiring an additional 401,016 shares during the period. Finally, USA Financial Formulas bought a new stake in Hewlett Packard Enterprise during the fourth quarter worth approximately $617,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

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Hewlett Packard Enterprise Price Performance

NYSE HPE traded down $0.20 on Thursday, reaching $15.87. The company's stock had a trading volume of 7,925,388 shares, compared to its average volume of 15,173,879. The firm has a market cap of $20.85 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 2.03 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 52 week low of $14.64 and a 52 week high of $24.66. The business has a 50-day moving average price of $19.85 and a 200 day moving average price of $20.45.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be issued a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.28%. Hewlett Packard Enterprise's payout ratio is presently 25.37%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HPE. Susquehanna lowered their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Bank of America lowered their target price on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Stifel Nicolaus upped their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a report on Friday, December 6th. Loop Capital lowered their price objective on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a research note on Monday, March 10th. Finally, Citigroup raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and increased their target price for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $21.27.

Insider Buying and Selling

In other news, SVP Jeremy Cox sold 11,577 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares of the company's stock, valued at approximately $1,118,145. This represents a 19.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is owned by corporate insiders.

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.