Jaffetilchin Investment Partners LLC Buys 23,430 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Jaffetilchin Investment Partners LLC increased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 333.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,462 shares of the technology company's stock after buying an additional 23,430 shares during the quarter. Jaffetilchin Investment Partners LLC's holdings in Hewlett Packard Enterprise were worth $650,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. increased its holdings in Hewlett Packard Enterprise by 6.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 414,485 shares of the technology company's stock worth $8,480,000 after purchasing an additional 25,701 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 0.8% during the third quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company's stock worth $642,748,000 after buying an additional 251,076 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in Hewlett Packard Enterprise by 7.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 22,798 shares of the technology company's stock valued at $471,000 after acquiring an additional 1,627 shares in the last quarter. TD Private Client Wealth LLC boosted its position in Hewlett Packard Enterprise by 155.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 48,323 shares of the technology company's stock worth $989,000 after acquiring an additional 29,374 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its stake in Hewlett Packard Enterprise by 22.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 337,943 shares of the technology company's stock valued at $7,469,000 after buying an additional 61,423 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors.

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Hewlett Packard Enterprise Trading Down 0.7 %

NYSE HPE traded down $0.11 on Wednesday, hitting $14.90. The company's stock had a trading volume of 25,802,905 shares, compared to its average volume of 20,545,553. The firm has a market cap of $19.57 billion, a PE ratio of 7.84, a PEG ratio of 2.03 and a beta of 1.20. The company's 50-day moving average is $17.27 and its 200 day moving average is $20.00. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio is currently 25.37%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HPE. Barclays decreased their price objective on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a report on Friday, March 7th. StockNews.com cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Morgan Stanley lowered shares of Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price target on the stock. in a research report on Tuesday, April 8th. Loop Capital cut their target price on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research note on Monday, March 10th. Finally, Wells Fargo & Company cut their price objective 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. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of "Hold" and an average price target of $20.60.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Company 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.