Sanctuary Advisors LLC Acquires 61,423 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Sanctuary Advisors LLC boosted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 22.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 337,943 shares of the technology company's stock after purchasing an additional 61,423 shares during the period. Sanctuary Advisors LLC's holdings in Hewlett Packard Enterprise were worth $7,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HPE. Moloney Securities Asset Management LLC purchased a new stake in shares of Hewlett Packard Enterprise during the third quarter worth approximately $861,000. CHICAGO TRUST Co NA raised its stake in Hewlett Packard Enterprise by 67.8% during the 3rd quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company's stock valued at $1,858,000 after acquiring an additional 36,704 shares during the last quarter. National Pension Service lifted its holdings in shares of Hewlett Packard Enterprise by 17.3% during the third 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 during the period. HighTower Advisors LLC raised its holdings in Hewlett Packard Enterprise by 110.8% during the third quarter. HighTower Advisors LLC now owns 299,743 shares of the technology company's stock worth $6,102,000 after purchasing an additional 157,561 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in Hewlett Packard Enterprise by 3,537.0% during the third quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company's stock worth $127,571,000 after acquiring an additional 5,629,006 shares during the period. Institutional investors and hedge funds own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Performance

NYSE HPE remained flat at $21.83 during trading on Friday. The company's stock had a trading volume of 10,279,515 shares, compared to its average volume of 15,267,709. The stock has a 50-day simple moving average of $21.08 and a 200 day simple moving average of $20.04. The firm has a market cap of $28.35 billion, a PE ratio of 11.49, a P/E/G ratio of 2.64 and a beta of 1.21. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be issued a $0.13 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.38%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 27.37%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on HPE shares. Barclays upped their price objective on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an "overweight" rating in a research 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 research note on Monday, December 9th. Citigroup raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They issued a "hold" rating and a $22.00 target price on the stock. Finally, StockNews.com raised shares of Hewlett Packard Enterprise from a "buy" rating to a "strong-buy" rating in a research report on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.79.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the transaction, the chief executive officer now directly owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. This represents a 4.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value 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. The trade was a 49.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 717,601 shares of company stock valued at $15,140,976. Insiders own 0.40% of the company's stock.

Hewlett Packard Enterprise 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.