Kieckhefer Group LLC Makes New $4.23 Million Investment in Hewlett Packard Enterprise (NYSE:HPE)

Kieckhefer Group LLC bought a new position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 205,200 shares of the technology company's stock, valued at approximately $4,232,000. Hewlett Packard Enterprise makes up 2.5% of Kieckhefer Group LLC's investment portfolio, making the stock its 10th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Moloney Securities Asset Management LLC bought a new position in Hewlett Packard Enterprise during the 3rd quarter valued at $861,000. Nordea Investment Management AB lifted its position in shares of Hewlett Packard Enterprise by 35.1% during the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock valued at $155,142,000 after purchasing an additional 1,885,559 shares in the last quarter. CHICAGO TRUST Co NA boosted its holdings in Hewlett Packard Enterprise by 67.8% during the third quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company's stock worth $1,858,000 after purchasing an additional 36,704 shares during the last quarter. National Pension Service grew its position in 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 worth $65,528,000 after purchasing an additional 472,885 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in Hewlett Packard Enterprise by 110.8% in the 3rd quarter. HighTower Advisors LLC now owns 299,743 shares of the technology company's stock valued at $6,102,000 after buying an additional 157,561 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on HPE shares. Bank of America upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $21.00 to $24.00 in a research note on Tuesday, September 17th. Citigroup upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and upped their price objective for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Barclays lifted their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Stifel Nicolaus increased their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Finally, Susquehanna reaffirmed a "neutral" rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and a consensus target price of $24.00.

Insider Activity

In other news, EVP John F. Schultz sold 262,818 shares of the business's stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 270,430 shares of the company's stock, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 7,771 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 61,735 shares in the company, valued at approximately $1,419,905. This trade represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 332,166 shares of company stock worth $7,300,629. 0.40% of the stock is owned by company insiders.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE traded down $0.09 during midday trading on Monday, reaching $21.99. 14,944,195 shares of the company traded hands, compared to its average volume of 15,693,802. The firm's fifty day moving average price is $21.66 and its two-hundred day moving average price is $20.25. The firm has a market capitalization of $28.92 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 2.02 and a beta of 1.20. 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 12 month low of $14.47 and a 12 month high of $24.24.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Friday, December 20th. 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.