Brooklyn FI LLC Acquires Shares of 245,392 Hewlett Packard Enterprise (NYSE:HPE)

Brooklyn FI LLC purchased a new stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 245,392 shares of the technology company's stock, valued at approximately $5,182,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kathmere Capital Management LLC raised its holdings in shares of Hewlett Packard Enterprise by 87.2% in the 4th quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company's stock valued at $544,000 after acquiring an additional 11,869 shares in the last quarter. Lebenthal Global Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise by 83.7% in the 4th 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 position in shares of Hewlett Packard Enterprise by 35.1% during the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock valued at $155,142,000 after purchasing an additional 1,885,559 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 78.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company's stock valued at $19,545,000 after purchasing an additional 401,016 shares during the last quarter. Finally, USA Financial Formulas bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $617,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have recently commented on HPE. Loop Capital reduced their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a research report on Monday, March 10th. Citigroup upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and increased their price objective for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Wells Fargo & Company reduced their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Barclays reduced their price target on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock 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 stock a "buy" rating in a research report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and a consensus target price of $21.27.

Hewlett Packard Enterprise Trading Down 0.9 %

Shares of HPE stock traded down $0.14 during trading hours on Friday, reaching $16.09. The company's stock had a trading volume of 47,405,474 shares, compared to its average volume of 15,109,076. The stock has a market capitalization of $21.13 billion, a P/E ratio of 8.47, a P/E/G 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. The firm's fifty day simple moving average is $20.22 and its 200 day simple moving average is $20.48. Hewlett Packard Enterprise has a one year low of $14.64 and a one year high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise's payout ratio is presently 25.37%.

Insider Activity

In other 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 value of $266,271.00. Following the completion of the transaction, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. This trade represents a 19.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.36% of the stock is currently owned by company insiders.

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.