Commonwealth Equity Services LLC Boosts Stake in Hewlett Packard Enterprise (NYSE:HPE)

Commonwealth Equity Services LLC increased its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 269,868 shares of the technology company's stock after purchasing an additional 17,633 shares during the quarter. Commonwealth Equity Services LLC's holdings in Hewlett Packard Enterprise were worth $5,762,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in HPE. Raymond James Financial Inc. bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $292,959,000. Nordea Investment Management AB raised its stake in Hewlett Packard Enterprise by 35.1% during the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock valued at $155,142,000 after buying an additional 1,885,559 shares during the last quarter. OFI Invest Asset Management bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth $34,778,000. National Bank of Canada FI grew its stake in shares of Hewlett Packard Enterprise by 61.6% in the third quarter. National Bank of Canada FI now owns 3,504,681 shares of the technology company's stock worth $71,706,000 after acquiring an additional 1,335,318 shares during the last quarter. Finally, Clearline Capital LP bought a new position in shares of Hewlett Packard Enterprise during the third quarter valued at $24,553,000. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE traded down $0.45 during trading on Wednesday, hitting $16.08. The company had a trading volume of 23,619,526 shares, compared to its average volume of 15,193,851. Hewlett Packard Enterprise has a 12 month low of $14.64 and a 12 month high of $24.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The firm has a market capitalization of $21.12 billion, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The stock has a 50 day simple moving average of $19.99 and a 200 day simple moving average of $20.48.

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Hewlett Packard Enterprise Dividend Announcement

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

Wall Street Analyst Weigh In

HPE has been the topic of several recent analyst reports. Barclays cut their price objective on shares of 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. Daiwa Capital Markets cut Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price objective on the stock. in a research report on Wednesday, March 12th. Susquehanna reduced their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Bank of America dropped their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 target price for the company in a research report on Thursday, December 19th. Nine analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of "Moderate Buy" and an average price target of $21.27.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the sale, the senior vice president now directly owns 48,615 shares of the company's stock, valued at $1,118,145. This trade represents a 19.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.36% of the company's stock.

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.