Xponance Inc. Has $4.19 Million Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Xponance Inc. raised its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 196,074 shares of the technology company's stock after buying an additional 15,771 shares during the quarter. Xponance Inc.'s holdings in Hewlett Packard Enterprise were worth $4,186,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in HPE. Quest Partners LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at $50,000. Pathstone Holdings LLC boosted its stake in Hewlett Packard Enterprise by 1.5% in the third quarter. Pathstone Holdings LLC now owns 158,004 shares of the technology company's stock valued at $3,237,000 after buying an additional 2,368 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in Hewlett Packard Enterprise by 13.6% in the third quarter. Fifth Third Wealth Advisors LLC now owns 17,233 shares of the technology company's stock valued at $353,000 after buying an additional 2,068 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Hewlett Packard Enterprise in the third quarter valued at about $4,349,000. Finally, PNC Financial Services Group Inc. raised its stake in Hewlett Packard Enterprise by 1.5% during the third quarter. PNC Financial Services Group Inc. now owns 389,691 shares of the technology company's stock worth $7,973,000 after acquiring an additional 5,584 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In related news, SVP Jeremy Cox sold 11,577 shares of the business's stock in a transaction 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 transaction, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.36% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HPE. Morgan Stanley decreased their price target on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Barclays decreased their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price target for the company in a research note on Thursday, December 19th. Stifel Nicolaus boosted their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Finally, Loop Capital cut their price target on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a research note on Monday, March 10th. Nine analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and an average target price of $21.27.

Hewlett Packard Enterprise Trading Up 0.5 %

Shares of HPE traded up $0.08 during trading hours on Tuesday, hitting $16.56. 21,197,750 shares of the stock were exchanged, compared to its average volume of 15,145,075. The firm has a market capitalization of $21.75 billion, a P/E ratio of 8.72, a price-to-earnings-growth ratio of 2.03 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 fifty-two week low of $14.64 and a fifty-two week high of $24.66. The business has a 50-day moving average of $20.11 and a 200-day moving average of $20.49.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be given a dividend of $0.13 per share. The ex-dividend date is Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.14%. Hewlett Packard Enterprise's payout ratio is 25.37%.

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.