Shelton Capital Management Has $9.11 Million Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Shelton Capital Management boosted its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 46.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 426,691 shares of the technology company's stock after acquiring an additional 136,000 shares during the period. Shelton Capital Management's holdings in Hewlett Packard Enterprise were worth $9,110,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kathmere Capital Management LLC boosted its holdings in Hewlett Packard Enterprise by 87.2% in the 4th quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company's stock valued at $544,000 after purchasing an additional 11,869 shares during the period. Lebenthal Global Advisors LLC grew its position in Hewlett Packard Enterprise by 83.7% during the fourth quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company's stock worth $771,000 after buying an additional 16,447 shares in the last quarter. Nordea Investment Management AB increased its stake in 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 acquiring an additional 1,885,559 shares during the period. Korea Investment CORP increased its stake in Hewlett Packard Enterprise by 8.3% during the fourth quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company's stock valued at $21,434,000 after acquiring an additional 77,244 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in Hewlett Packard Enterprise by 78.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company's stock valued at $19,545,000 after acquiring an additional 401,016 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analyst Weigh In

HPE has been the subject of a number of recent research reports. StockNews.com lowered Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Barclays lowered their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Daiwa America cut shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Loop Capital cut their target price on 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. Finally, Daiwa Capital Markets lowered Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price objective for the company. in a research note on Wednesday, March 12th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $20.60.

Insider Activity at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the company's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Trading Up 2.8 %

HPE stock traded up $0.38 during midday trading on Friday, reaching $14.12. The company's stock had a trading volume of 23,789,192 shares, compared to its average volume of 16,496,615. The business's 50-day simple moving average is $17.54 and its 200-day simple moving average is $20.08. The stock has a market cap of $18.55 billion, a PE ratio of 7.43, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.68%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.

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.