Kovitz Investment Group Partners LLC Boosts Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Kovitz Investment Group Partners LLC raised its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 82.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,840 shares of the technology company's stock after acquiring an additional 125,182 shares during the period. Kovitz Investment Group Partners LLC's holdings in Hewlett Packard Enterprise were worth $5,217,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Investment Counsel Inc increased its position in Hewlett Packard Enterprise by 1.2% during the second quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company's stock worth $874,000 after acquiring an additional 500 shares during the period. First Horizon Advisors Inc. increased its stake in Hewlett Packard Enterprise by 4.8% in the second quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company's stock valued at $231,000 after purchasing an additional 501 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Hewlett Packard Enterprise by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company's stock worth $2,363,000 after buying an additional 536 shares during the period. Avior Wealth Management LLC boosted its position in shares of Hewlett Packard Enterprise by 6.4% during the third quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company's stock worth $198,000 after buying an additional 579 shares during the period. Finally, Bailard Inc. lifted its position in shares of Hewlett Packard Enterprise by 1.7% in the second quarter. Bailard Inc. now owns 35,349 shares of the technology company's stock worth $748,000 after purchasing an additional 580 shares in the last quarter. Institutional investors own 80.78% of the company's stock.

Insider Buying and Selling

In related news, CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the sale, the chief executive officer now directly owns 1,758,641 shares in the company, valued at $34,680,400.52. This trade represents a 4.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Neil B. Macdonald sold 29,000 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares of the company's stock, valued at $1,395,037. This trade represents a 26.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 426,012 shares of company stock worth $8,599,617. 0.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Susquehanna reiterated a "neutral" rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft initiated coverage on Hewlett Packard Enterprise in a report on Wednesday, October 9th. They issued a "hold" rating and a $22.00 price objective for the company. Stifel Nicolaus boosted their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Friday. Raymond James raised shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and boosted their target price for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Finally, Morgan Stanley upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $23.00 to $28.00 in a report on Thursday. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.79.

Hewlett Packard Enterprise Stock Down 3.5 %

NYSE HPE traded down $0.84 on Monday, reaching $23.11. The company had a trading volume of 22,239,388 shares, compared to its average volume of 15,270,270. 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. The firm has a 50-day moving average of $20.96 and a 200-day moving average of $19.95. The firm has a market capitalization of $30.01 billion, a PE ratio of 12.16, a P/E/G ratio of 3.74 and a beta of 1.21.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.25%. Hewlett Packard Enterprise's payout ratio is presently 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.