DAVENPORT & Co LLC Invests $561,000 in Hewlett Packard Enterprise (NYSE:HPE)

DAVENPORT & Co LLC purchased a new position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 26,297 shares of the technology company's stock, valued at approximately $561,000.

A number of other large investors also recently bought and sold shares of HPE. Geode Capital Management LLC increased its stake in shares of Hewlett Packard Enterprise by 0.8% during the third quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company's stock valued at $642,748,000 after purchasing an additional 251,076 shares in the last quarter. Pacer Advisors Inc. increased its position in Hewlett Packard Enterprise by 18.1% during the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company's stock valued at $560,274,000 after buying an additional 4,194,213 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Hewlett Packard Enterprise by 6.2% during 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 acquiring an additional 921,624 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Hewlett Packard Enterprise by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,609,078 shares of the technology company's stock valued at $196,602,000 after acquiring an additional 129,463 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in 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. 80.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HPE. Morgan Stanley raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $23.00 to $28.00 in a report on Thursday, December 5th. Barclays lifted their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Stifel Nicolaus raised their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Citigroup raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $23.00 to $26.00 in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 target price on the stock in a research note on Thursday, December 19th. Six investment 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 stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.00.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of the business's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the completion of the transaction, the senior vice president now directly owns 61,735 shares of the company's stock, valued at approximately $1,419,905. The trade was a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 332,166 shares of company stock valued at $7,300,629 over the last quarter. 0.40% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Trading Down 1.3 %

HPE traded down $0.27 during trading on Tuesday, reaching $21.16. The company had a trading volume of 11,281,408 shares, compared to its average volume of 15,478,487. 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 52 week low of $14.47 and a 52 week high of $24.66. The stock has a market cap of $27.83 billion, a P/E ratio of 11.14, a PEG ratio of 1.98 and a beta of 1.19. The business has a 50 day simple moving average of $22.07 and a 200-day simple moving average of $20.47.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise's dividend payout ratio is presently 27.37%.

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.