Strategic Financial Concepts LLC Purchases Shares of 17,528 Hewlett Packard Enterprise (NYSE:HPE)

Strategic Financial Concepts LLC purchased a new position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 17,528 shares of the technology company's stock, valued at approximately $374,000.

A number of other large investors have also recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of Hewlett Packard Enterprise by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company's stock worth $642,748,000 after purchasing an additional 251,076 shares in the last quarter. Pacer Advisors Inc. lifted its position in 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 valued at $560,274,000 after acquiring an additional 4,194,213 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Hewlett Packard Enterprise by 6.2% in the 3rd 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 acquiring an additional 921,624 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Hewlett Packard Enterprise by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,609,078 shares of the technology company's stock valued at $196,602,000 after acquiring an additional 129,463 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in 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 acquiring an additional 1,885,559 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of the transaction, the director now directly owns 104,192 shares in the company, valued at approximately $2,445,386.24. The trade was a 32.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the completion of the transaction, the senior vice president now owns 61,735 shares of the company's stock, valued at $1,419,905. This represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 332,166 shares of company stock worth $7,300,629 in the last quarter. Insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price target on the stock in a research report on Thursday, December 19th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. StockNews.com cut shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Raymond James raised shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and raised their price target for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Finally, Stifel Nicolaus increased their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and an average price target of $24.00.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock traded up $0.45 during trading hours on Friday, hitting $21.73. 9,801,469 shares of the company were exchanged, compared to its average volume of 15,869,325. The firm has a fifty day simple moving average of $22.00 and a 200 day simple moving average of $20.52. 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 has a 52-week low of $14.47 and a 52-week high of $24.66. The stock has a market capitalization of $28.58 billion, a price-to-earnings ratio of 11.43, a P/E/G ratio of 1.98 and a beta of 1.19.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.39%. Hewlett Packard Enterprise's payout ratio is currently 27.37%.

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.