Hewlett Packard Enterprise (NYSE:HPE) Shares Acquired by Milestone Asset Management LLC

Milestone Asset Management LLC increased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 35.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,369 shares of the technology company's stock after buying an additional 24,197 shares during the period. Milestone Asset Management LLC's holdings in Hewlett Packard Enterprise were worth $1,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of Hewlett Packard Enterprise by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company's stock valued at $642,748,000 after buying an additional 251,076 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of 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 lifted its position in shares of Hewlett Packard Enterprise by 6.2% during 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. Charles Schwab Investment Management Inc. lifted its position in shares of Hewlett Packard Enterprise by 1.4% during 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. Finally, Nordea Investment Management AB lifted its position in shares of 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 buying an additional 1,885,559 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 7,771 shares of the firm's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction 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. This trade represents a 11.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John F. Schultz sold 262,818 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value of $5,682,125.16. Following the transaction, the executive vice president now owns 270,430 shares of the company's stock, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on HPE. Susquehanna reissued a "neutral" rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Raymond James raised Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and increased their price objective for the company from $23.00 to $29.00 in a research note on Monday, November 18th. StockNews.com raised Hewlett Packard Enterprise from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. 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 research note on Monday, December 9th. Finally, Citigroup raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and increased their price objective for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $24.00.

Hewlett Packard Enterprise Trading Down 2.9 %

Shares of NYSE:HPE traded down $0.63 during midday trading on Thursday, reaching $21.04. 17,903,018 shares of the company's stock were exchanged, compared to its average volume of 15,942,363. The firm's 50 day simple moving average is $22.13 and its two-hundred day simple moving average is $20.44. 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 cap of $27.67 billion, a price-to-earnings ratio of 11.07, a P/E/G ratio of 2.27 and a beta of 1.20. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed 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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise's payout ratio is 27.37%.

Hewlett Packard Enterprise 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.