Hennion & Walsh Asset Management Inc. Takes Position in Hewlett Packard Enterprise (NYSE:HPE)

Hennion & Walsh Asset Management Inc. bought a new position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 37,491 shares of the technology company's stock, valued at approximately $800,000.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of 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 worth $642,748,000 after acquiring an additional 251,076 shares in the last quarter. Pacer Advisors Inc. raised its holdings in 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 worth $560,274,000 after purchasing an additional 4,194,213 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Hewlett Packard Enterprise by 3.8% during the second quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company's stock valued at $358,602,000 after buying an additional 617,691 shares during the last quarter. 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 3rd 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 buying an additional 921,624 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 buying an additional 129,463 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 7,771 shares of the business's stock in a transaction on Friday, December 6th. The shares were 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 in the company, valued at $1,419,905. The trade was a 11.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John F. Schultz sold 262,818 shares of the firm's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the sale, the executive vice president now owns 270,430 shares in the company, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is owned by insiders.

Hewlett Packard Enterprise Stock Performance

NYSE HPE traded down $0.25 on Monday, hitting $23.16. 19,926,183 shares of the company's stock traded hands, compared to its average volume of 11,881,842. The firm's 50-day moving average price is $21.85 and its two-hundred day moving average price is $20.31. The firm has a market capitalization of $30.46 billion, a PE ratio of 12.19, a P/E/G ratio of 2.05 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 1-year low of $14.47 and a 1-year high of $24.24.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were given a dividend of $0.13 per share. The ex-dividend date was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.25%. Hewlett Packard Enterprise's dividend payout ratio is presently 27.37%.

Analyst Upgrades and Downgrades

Several research firms recently commented on HPE. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $23.00 to $28.00 in a research note on Thursday, December 5th. Loop Capital increased their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a "hold" rating in a report on Monday, December 9th. StockNews.com cut Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 3rd. Citigroup raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and upped their target price for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Finally, Barclays raised their price target on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and a consensus target price of $24.00.

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.