Tidal Investments LLC Boosts Stake in Hewlett Packard Enterprise (NYSE:HPE)

Tidal Investments LLC increased its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 169.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 359,280 shares of the technology company's stock after buying an additional 225,719 shares during the period. Tidal Investments LLC's holdings in Hewlett Packard Enterprise were worth $7,351,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new position in Hewlett Packard Enterprise during the third quarter worth about $25,000. Valley Wealth Managers Inc. bought a new position in shares of Hewlett Packard Enterprise in the third quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. increased its position in shares of Hewlett Packard Enterprise by 571.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company's stock valued at $28,000 after acquiring an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Hewlett Packard Enterprise during the second quarter worth $28,000. Finally, Financial Management Professionals Inc. grew its stake in Hewlett Packard Enterprise by 80.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock valued at $29,000 after purchasing an additional 637 shares during the period. Institutional investors own 80.78% of the company's stock.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 7,771 shares of the 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 sale, the senior vice president now directly owns 61,735 shares in the company, valued at $1,419,905. This 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, Director Gary M. Reiner sold 50,000 shares of the business's 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 completion of the sale, the director now owns 104,192 shares of the company's stock, valued at $2,445,386.24. The trade was a 32.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 717,601 shares of company stock valued at $15,140,976 over the last 90 days. 0.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HPE. Stifel Nicolaus boosted their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, December 6th. StockNews.com raised shares of Hewlett Packard Enterprise from a "buy" rating to a "strong-buy" rating in a research report on Monday. Citigroup raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $23.00 to $26.00 in a report on Friday, December 6th. UBS Group increased their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, September 5th. Finally, Barclays boosted their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.79.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock remained flat at $21.83 during trading on Friday. 7,180,906 shares of the company traded hands, compared to its average volume of 15,247,839. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.24. The firm has a market cap of $28.35 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 2.64 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The business's 50 day simple moving average is $21.05 and its 200-day simple moving average is $20.00.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.38%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 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.