Hewlett Packard Enterprise (NYSE:HPE) Shares Bought by Kathmere Capital Management LLC

Kathmere Capital Management LLC grew its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 87.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,483 shares of the technology company's stock after acquiring an additional 11,869 shares during the period. Kathmere Capital Management LLC's holdings in Hewlett Packard Enterprise were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of HPE. Geode Capital Management LLC raised its stake in shares of Hewlett Packard Enterprise by 0.8% in the third quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company's stock worth $642,748,000 after buying an additional 251,076 shares during the period. Pacer Advisors Inc. increased its holdings in Hewlett Packard Enterprise by 18.1% in the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company's stock worth $560,274,000 after acquiring an additional 4,194,213 shares in the last quarter. Legal & General Group Plc raised its stake in Hewlett Packard Enterprise by 3.8% during the 2nd quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company's stock worth $358,602,000 after acquiring an additional 617,691 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in 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 purchasing an additional 921,624 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Hewlett Packard Enterprise by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,609,078 shares of the technology company's stock worth $196,602,000 after purchasing an additional 129,463 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HPE has been the topic of several recent analyst reports. Citigroup upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and raised their price objective for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Loop Capital boosted their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a "hold" rating in a research report on Monday, December 9th. Morgan Stanley upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price target on the stock in a report on Thursday, December 19th. Finally, Barclays increased their price objective 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. Six equities research 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 company. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of "Moderate Buy" and an average price target of $24.00.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP John F. Schultz sold 262,818 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 270,430 shares of the company's stock, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jeremy Cox sold 11,577 shares of the firm's stock in a transaction dated 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 owns 48,615 shares in the company, valued at $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Trading Up 0.5 %

Shares of HPE traded up $0.11 during midday trading on Thursday, hitting $23.41. The stock had a trading volume of 11,089,324 shares, compared to its average volume of 15,656,512. The stock's 50 day moving average is $21.79 and its 200 day moving average is $20.29. The firm has a market cap of $30.80 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 2.05 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $24.24.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise's dividend payout ratio is 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.