Hewlett Packard Enterprise (NYSE:HPE) Stock Holdings Increased by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC boosted its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 83.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,096 shares of the technology company's stock after acquiring an additional 16,447 shares during the quarter. Lebenthal Global Advisors LLC's holdings in Hewlett Packard Enterprise were worth $771,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Hewlett Packard Enterprise in the third quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at approximately $26,000. Financial Management Professionals Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 80.3% in 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 in the last quarter. Rise Advisors LLC boosted its position in shares of 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 acquiring an additional 625 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Hewlett Packard Enterprise during the 3rd quarter valued at about $48,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE traded down $1.47 during mid-day trading on Tuesday, reaching $21.48. The company's stock had a trading volume of 30,972,583 shares, compared to its average volume of 15,886,262. The stock has a market capitalization of $28.25 billion, a P/E ratio of 11.30, a P/E/G ratio of 2.27 and a beta of 1.20. The stock has a 50-day moving average of $22.12 and a two-hundred day moving average of $20.43. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year 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.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 27.37%.

Wall Street Analyst Weigh In

HPE has been the subject of a number of recent research reports. 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. Barclays lifted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Raymond James upgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and raised their target price for the stock from $23.00 to $29.00 in a report on Monday, November 18th. Stifel Nicolaus raised their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Finally, StockNews.com lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.00.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $23.47, for a total value of $1,173,500.00. Following the sale, the director now directly owns 104,192 shares of the company's stock, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction on Friday, December 6th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 332,166 shares of company stock valued at $7,300,629 over the last 90 days. 0.40% of the stock is owned by insiders.

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.