Mitchell Mcleod Pugh & Williams Inc. Buys 11,000 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Mitchell Mcleod Pugh & Williams Inc. grew its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 27.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,691 shares of the technology company's stock after buying an additional 11,000 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.'s holdings in Hewlett Packard Enterprise were worth $1,082,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new position in Hewlett Packard Enterprise during the third quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $26,000. Financial Management Professionals Inc. lifted its position in shares of Hewlett Packard Enterprise by 80.3% in the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock worth $29,000 after purchasing an additional 637 shares in the last quarter. Rise Advisors LLC boosted its holdings in shares of Hewlett Packard Enterprise by 45.5% during the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company's stock worth $41,000 after purchasing an additional 625 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new position in Hewlett Packard Enterprise during the third quarter valued at approximately $48,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock traded down $0.25 during mid-day trading on Monday, reaching $23.16. 19,926,183 shares of the stock were exchanged, compared to its average volume of 11,881,842. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.24. The company has a market cap of $30.46 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 2.05 and a beta of 1.20. The firm has a 50-day simple moving average of $21.85 and a 200 day simple moving average of $20.31. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise's dividend payout ratio is currently 27.37%.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of research reports. Barclays increased their price objective on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Loop Capital raised their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a "hold" rating in a report on Monday, December 9th. StockNews.com lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 3rd. Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. Finally, 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 research report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and an average price target of $24.00.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 50,000 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the transaction, the director now owns 104,192 shares of the company's stock, valued at $2,445,386.24. This represents a 32.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jeremy Cox sold 7,771 shares of the firm's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $23.00, for a total value 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 represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. Over 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 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.