Janney Montgomery Scott LLC Increases Position in Hewlett Packard Enterprise (NYSE:HPE)

Janney Montgomery Scott LLC boosted its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 35.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 265,534 shares of the technology company's stock after purchasing an additional 69,686 shares during the quarter. Janney Montgomery Scott LLC's holdings in Hewlett Packard Enterprise were worth $5,669,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Kathmere Capital Management LLC boosted 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 worth $544,000 after purchasing an additional 11,869 shares during the period. Nordea Investment Management AB increased its holdings in shares of Hewlett Packard Enterprise by 35.1% in the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock worth $155,142,000 after buying an additional 1,885,559 shares during the last quarter. Moloney Securities Asset Management LLC bought a new position in Hewlett Packard Enterprise in the 3rd quarter valued at $861,000. CHICAGO TRUST Co NA boosted its holdings in shares of Hewlett Packard Enterprise by 67.8% in the third quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company's stock valued at $1,858,000 after purchasing an additional 36,704 shares during the period. Finally, National Pension Service raised its holdings in shares of Hewlett Packard Enterprise by 17.3% in the 3rd quarter. National Pension Service now owns 3,202,752 shares of the technology company's stock valued at $65,528,000 after purchasing an additional 472,885 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HPE shares. Loop Capital raised their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a "hold" rating in a research note on Monday, December 9th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $23.00 to $28.00 in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price target on the stock in a research report on Thursday, December 19th. Citigroup upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and raised their price objective for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Finally, Stifel Nicolaus raised their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.00.

Hewlett Packard Enterprise Trading Down 2.2 %

Shares of NYSE:HPE traded down $0.49 during midday trading on Thursday, hitting $21.18. The company had a trading volume of 27,888,330 shares, compared to its average volume of 16,499,836. The firm has a fifty day simple moving average of $22.13 and a 200 day simple moving average of $20.44. The stock has a market cap of $27.85 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 2.27 and a beta of 1.20. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise's payout ratio is presently 27.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the sale, the executive vice president now owns 270,430 shares in the company, valued at $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, December 9th. The shares were 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 of the company's stock, valued at approximately $2,445,386.24. This trade represents a 32.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock valued at $7,300,629 in the last three months. Corporate insiders own 0.40% 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.