HighTower Advisors LLC Has $6.10 Million Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

HighTower Advisors LLC increased its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 110.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 299,743 shares of the technology company's stock after purchasing an additional 157,561 shares during the period. HighTower Advisors LLC's holdings in Hewlett Packard Enterprise were worth $6,102,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in Hewlett Packard Enterprise during the 3rd quarter worth $25,000. Valley Wealth Managers Inc. bought a new position in shares of Hewlett Packard Enterprise during the third quarter worth about $26,000. Hazlett Burt & Watson Inc. increased its holdings in shares of Hewlett Packard Enterprise by 571.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company's stock worth $28,000 after acquiring an additional 1,143 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at about $28,000. Finally, Financial Management Professionals Inc. lifted its position 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 last quarter. 80.78% of the stock is owned by institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise 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 transaction, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. The trade was a 26.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jeremy Cox sold 7,770 shares of the firm's stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the sale, the senior vice president now directly owns 7,771 shares of the company's stock, valued at $163,191. This represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 433,783 shares of company stock valued at $8,778,350. Corporate insiders own 0.40% of the company's stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE traded down $1.19 during midday trading on Tuesday, reaching $21.92. 20,623,722 shares of the company's stock were exchanged, compared to its average volume of 15,295,722. The firm has a market capitalization of $28.47 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 3.74 and a beta of 1.21. The company's 50 day simple moving average is $20.96 and its two-hundred day simple moving average is $19.95. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be paid a $0.13 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.37%. Hewlett Packard Enterprise's dividend payout ratio is currently 27.37%.

Wall Street Analyst Weigh In

Several analysts recently commented on HPE shares. Stifel Nicolaus raised their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Friday. Bank of America raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and increased their price target for the stock from $21.00 to $24.00 in a research note on Tuesday, September 17th. Barclays lifted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Friday. Loop Capital increased their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a "hold" rating in a research report on Monday. Finally, StockNews.com upgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "strong-buy" rating in a research report on Monday. Seven investment 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 company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $23.79.

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.