Madison Investment Advisors LLC Makes New $4.82 Million Investment in Hewlett Packard Enterprise (NYSE:HPE)

Madison Investment Advisors LLC acquired a new position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 225,613 shares of the technology company's stock, valued at approximately $4,817,000.

Other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. increased its holdings in shares of Hewlett Packard Enterprise by 6.2% in the 4th quarter. Mather Group LLC. now owns 7,557 shares of the technology company's stock worth $161,000 after acquiring an additional 440 shares during the period. Lakewood Asset Management LLC increased its stake in shares of Hewlett Packard Enterprise by 0.4% in the fourth quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company's stock valued at $2,242,000 after purchasing an additional 457 shares during the period. Essex Financial Services Inc. raised its holdings in shares of Hewlett Packard Enterprise by 3.6% during the fourth quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company's stock valued at $286,000 after buying an additional 461 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Hewlett Packard Enterprise by 0.8% during the fourth quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company's stock worth $1,335,000 after buying an additional 475 shares during the period. Finally, Waterfront Wealth Inc. grew its holdings in Hewlett Packard Enterprise by 0.4% in the 4th quarter. Waterfront Wealth Inc. now owns 129,698 shares of the technology company's stock worth $2,769,000 after buying an additional 524 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

HPE has been the subject of a number of analyst reports. Citigroup upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Susquehanna reduced their price objective on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price on the stock. in a research note on Wednesday, March 12th. Bank of America decreased their price objective on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a report on Friday, March 7th. Finally, Morgan Stanley dropped their target price on Hewlett Packard Enterprise from $28.00 to $24.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Nine analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.27.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the transaction, the senior vice president now owns 48,615 shares of the company's stock, valued at $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE traded up $0.08 during trading hours on Tuesday, hitting $16.56. 21,197,750 shares of the company's stock were exchanged, compared to its average volume of 15,140,970. The company's 50-day moving average price is $19.99 and its 200-day moving average price is $20.48. Hewlett Packard Enterprise has a 1-year low of $14.64 and a 1-year high of $24.66. The stock has a market capitalization of $21.75 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.14%. Hewlett Packard Enterprise's payout ratio is 25.37%.

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.