Cibc World Markets Corp Raises Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Cibc World Markets Corp grew its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 16.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 204,934 shares of the technology company's stock after purchasing an additional 28,527 shares during the quarter. Cibc World Markets Corp's holdings in Hewlett Packard Enterprise were worth $4,375,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in Hewlett Packard Enterprise by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company's stock valued at $642,748,000 after buying an additional 251,076 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 18.1% in the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company's stock valued at $560,274,000 after purchasing an additional 4,194,213 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Hewlett Packard Enterprise by 6.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company's stock valued at $321,149,000 after purchasing an additional 921,624 shares during the period. Raymond James Financial Inc. bought a new position in Hewlett Packard Enterprise in the fourth quarter worth approximately $292,959,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Hewlett Packard Enterprise by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company's stock worth $208,055,000 after purchasing an additional 135,874 shares during the period. Hedge funds and other institutional investors own 80.78% of the company's stock.

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Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of the firm's stock in a transaction dated 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 directly owns 48,615 shares in the company, valued at $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock traded up $0.46 during midday trading on Monday, hitting $16.51. The company had a trading volume of 24,156,122 shares, compared to its average volume of 15,145,255. The company has a fifty day simple moving average of $20.22 and a 200 day simple moving average of $20.49. The stock has a market cap of $21.68 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 2.03 and a beta of 1.20. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 12-month low of $14.64 and a 12-month high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be issued a $0.13 dividend. The ex-dividend date of this dividend 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 currently 25.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company dropped 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. Daiwa America downgraded shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. StockNews.com cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Daiwa Capital Markets downgraded 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 note on Wednesday, March 12th. Finally, Stifel Nicolaus boosted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Nine 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $21.27.

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.