Proficio Capital Partners LLC Makes New Investment in Hewlett Packard Enterprise (NYSE:HPE)

Proficio Capital Partners LLC purchased a new stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 168,547 shares of the technology company's stock, valued at approximately $3,598,000.

Several other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Hewlett Packard Enterprise by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company's stock valued at $642,748,000 after purchasing an additional 251,076 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Hewlett Packard Enterprise by 18.1% in the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company's stock worth $560,274,000 after purchasing an additional 4,194,213 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Hewlett Packard Enterprise by 6.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company's stock valued at $321,149,000 after purchasing an additional 921,624 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Hewlett Packard Enterprise by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company's stock worth $208,055,000 after purchasing an additional 135,874 shares in the last quarter. Finally, Nordea Investment Management AB increased its position 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 valued at $155,142,000 after buying an additional 1,885,559 shares in the last quarter. Institutional investors own 80.78% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HPE shares. Bank of America cut their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Wells Fargo & Company cut their price target on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Friday, March 7th. Loop Capital lowered their price objective on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research report on Monday, March 10th. Barclays cut their price objective on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Finally, Morgan Stanley dropped their price target on Hewlett Packard Enterprise from $28.00 to $24.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and a consensus price target of $21.27.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of the company's 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 transaction, the senior vice president now owns 48,615 shares in the company, valued at approximately $1,118,145. This represents a 19.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Performance

HPE stock traded down $0.01 during trading hours on Friday, reaching $16.09. The stock had a trading volume of 47,026,787 shares, compared to its average volume of 15,087,640. The stock has a market capitalization of $21.13 billion, a PE ratio of 8.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The stock has a 50-day simple moving average of $20.34 and a 200 day simple moving average of $20.49. Hewlett Packard Enterprise has a fifty-two week low of $14.64 and a fifty-two week high of $24.66. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 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.