Ingalls & Snyder LLC Has $2.20 Million Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Ingalls & Snyder LLC grew its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,029 shares of the technology company's stock after buying an additional 14,263 shares during the period. Ingalls & Snyder LLC's holdings in Hewlett Packard Enterprise were worth $2,200,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Kathmere Capital Management LLC lifted its position in shares of Hewlett Packard Enterprise by 87.2% in the fourth quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company's stock valued at $544,000 after buying an additional 11,869 shares during the last quarter. Lebenthal Global Advisors LLC lifted its holdings in Hewlett Packard Enterprise by 83.7% during the 4th quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company's stock worth $771,000 after purchasing an additional 16,447 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Hewlett Packard Enterprise by 35.1% during the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock worth $155,142,000 after purchasing an additional 1,885,559 shares during the last quarter. Moloney Securities Asset Management LLC acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter worth approximately $861,000. Finally, National Pension Service lifted its holdings in Hewlett Packard Enterprise by 17.3% during the 3rd quarter. National Pension Service now owns 3,202,752 shares of the technology company's stock worth $65,528,000 after purchasing an additional 472,885 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HPE. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price target for the company in a report on Thursday, December 19th. Loop Capital lifted their price target on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Morgan Stanley raised 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, December 5th. Stifel Nicolaus lifted their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a report on Friday, December 6th. Finally, Raymond James raised Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the company from $23.00 to $29.00 in a report on Monday, November 18th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of "Moderate Buy" and an average target price of $24.00.

Insider Activity

In related news, SVP Jeremy Cox sold 7,771 shares of the business's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the sale, the senior vice president now owns 61,735 shares in the company, valued at $1,419,905. The trade was a 11.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of the business's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.47, for a total value of $1,173,500.00. Following the sale, the director now owns 104,192 shares in the company, valued at $2,445,386.24. This represents a 32.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 332,166 shares of company stock worth $7,300,629. Insiders own 0.40% of the company's stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE traded up $0.45 during midday trading on Monday, hitting $21.73. The company's stock had a trading volume of 9,801,469 shares, compared to its average volume of 15,869,325. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.66. The company's fifty day simple moving average is $22.00 and its two-hundred day simple moving average is $20.52. 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 capitalization of $28.58 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 1.98 and a beta of 1.19.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.39%. Hewlett Packard Enterprise's payout ratio is 27.37%.

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.