First Dallas Securities Inc. Purchases 16,754 Shares of Hewlett Packard Enterprise (NYSE:HPE)

First Dallas Securities Inc. lifted its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 119.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,759 shares of the technology company's stock after acquiring an additional 16,754 shares during the quarter. First Dallas Securities Inc.'s holdings in Hewlett Packard Enterprise were worth $657,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new position in Hewlett Packard Enterprise in the third quarter valued at about $26,000. Financial Management Professionals Inc. boosted its holdings in Hewlett Packard Enterprise by 80.3% during the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock worth $29,000 after buying an additional 637 shares during the last quarter. Rise Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 45.5% during the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company's stock worth $41,000 after buying an additional 625 shares during the last quarter. Finally, R Squared Ltd bought a new position in Hewlett Packard Enterprise during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 80.78% of the company's stock.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the sale, the executive vice president now owns 270,430 shares in the company, valued at $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeremy Cox sold 7,771 shares of Hewlett Packard Enterprise stock in a transaction that occurred 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 transaction, the senior vice president now owns 61,735 shares of the company's stock, valued at $1,419,905. This represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 332,166 shares of company stock valued at $7,300,629. Insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HPE shares. Loop Capital upped their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Stifel Nicolaus upped 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. Morgan Stanley upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. StockNews.com downgraded Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating in a report on Thursday. Finally, Raymond James upgraded Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the company from $23.00 to $29.00 in a report on Monday, November 18th. 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $24.00.

Hewlett Packard Enterprise Stock Down 0.4 %

HPE stock traded down $0.10 during midday trading on Friday, hitting $21.27. The company's stock had a trading volume of 10,204,939 shares, compared to its average volume of 15,838,831. The company's fifty day moving average price is $22.06 and its 200 day moving average price is $20.45. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month 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 stock has a market capitalization of $27.97 billion, a P/E ratio of 11.19, a PEG ratio of 1.97 and a beta of 1.19.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.45%. Hewlett Packard Enterprise's payout ratio is presently 27.37%.

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.