Stifel Financial Corp Has $9.86 Million Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Stifel Financial Corp cut its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 29.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 481,974 shares of the technology company's stock after selling 196,708 shares during the quarter. Stifel Financial Corp's holdings in Hewlett Packard Enterprise were worth $9,861,000 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 business. Capital Investment Counsel Inc boosted its stake in shares of Hewlett Packard Enterprise by 1.2% during the 2nd 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 in the last quarter. First Horizon Advisors Inc. increased its position in shares of 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 buying an additional 501 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Hewlett Packard Enterprise by 0.5% in 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 in the last quarter. Avior Wealth Management LLC grew its stake in Hewlett Packard Enterprise by 6.4% in the 3rd quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company's stock valued at $198,000 after acquiring an additional 579 shares during the last quarter. Finally, Bailard Inc. grew its stake in Hewlett Packard Enterprise by 1.7% in the 2nd quarter. Bailard Inc. now owns 35,349 shares of the technology company's stock valued at $748,000 after acquiring an additional 580 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, EVP Neil B. Macdonald sold 29,000 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the transaction, the executive vice president now owns 82,061 shares of the company's stock, valued at approximately $1,395,037. The trade was a 26.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 7,770 shares of the company's stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the transaction, the senior vice president now owns 7,771 shares of the company's stock, valued at approximately $163,191. This trade represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 746,601 shares of company stock worth $15,633,976 in the last 90 days. 0.40% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Stock Down 0.4 %

Hewlett Packard Enterprise stock traded down $0.08 during midday trading on Thursday, hitting $21.83. 11,758,817 shares of the company were exchanged, compared to its average volume of 15,286,360. The company has a market cap of $28.35 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 3.74 and a beta of 1.21. The company's fifty day moving average price is $21.02 and its 200-day moving average price is $19.99. 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 $14.47 and a fifty-two week high of $24.24.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise's dividend payout ratio is currently 27.37%.

Analysts Set New Price Targets

Several analysts have issued reports on HPE shares. Stifel Nicolaus upped their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a report on Friday, December 6th. UBS Group increased their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, September 5th. 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 target for the company. 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. Finally, Raymond James raised shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and boosted their target price for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.79.

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.