HighTower Advisors LLC Boosts Holdings in Hewlett Packard Enterprise (NYSE:HPE)

HighTower Advisors LLC lifted its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 22.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 368,145 shares of the technology company's stock after buying an additional 68,402 shares during the quarter. HighTower Advisors LLC's holdings in Hewlett Packard Enterprise were worth $7,860,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new stake in Hewlett Packard Enterprise during the 3rd quarter worth about $25,000. Hara Capital LLC purchased a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $28,000. Tandem Financial LLC purchased a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $32,000. R Squared Ltd purchased a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $45,000. Finally, Quest Partners LLC purchased a new stake in Hewlett Packard Enterprise during the 3rd quarter worth about $50,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the company's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the sale, the senior vice president now directly owns 48,615 shares in the company, valued at $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.36% of the company's stock.

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Hewlett Packard Enterprise Trading Down 0.1 %

Shares of HPE stock traded down $0.01 during mid-day trading on Friday, hitting $16.09. 47,405,426 shares of the company's stock were exchanged, compared to its average volume of 18,043,301. Hewlett Packard Enterprise has a fifty-two week low of $14.64 and a fifty-two week high of $24.66. The stock has a 50-day simple moving average of $20.34 and a two-hundred day simple moving average of $20.49. 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 stock has a market cap of $21.13 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 25.37%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HPE shares. Daiwa Capital Markets cut Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price objective for the company. in a research report on Wednesday, March 12th. Morgan Stanley decreased their target price on Hewlett Packard Enterprise from $28.00 to $24.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Loop Capital decreased their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research report on Monday, March 10th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 target price for the company in a research report on Thursday, December 19th. Finally, Wells Fargo & Company decreased their target price on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating for the company in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.27.

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.