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28,883 Shares in Hewlett Packard Enterprise (NYSE:HPE) Purchased by USA Financial Formulas

Hewlett Packard Enterprise logo with Computer and Technology background

USA Financial Formulas bought a new position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 28,883 shares of the technology company's stock, valued at approximately $617,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its stake in shares of Hewlett Packard Enterprise by 14,953.2% during the second quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company's stock valued at $490,925,000 after purchasing an additional 23,035,594 shares in the last quarter. Marshall Wace LLP boosted its position in Hewlett Packard Enterprise by 3,228.2% during the 2nd quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company's stock valued at $186,831,000 after acquiring an additional 8,560,086 shares in the last quarter. Eagle Asset Management Inc. boosted its position in Hewlett Packard Enterprise by 3,537.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company's stock valued at $127,571,000 after acquiring an additional 5,629,006 shares in the last quarter. Mizuho Markets Americas LLC purchased a new position in Hewlett Packard Enterprise in the third quarter valued at about $105,185,000. Finally, Raymond James & Associates raised its holdings in Hewlett Packard Enterprise by 92.5% in the third quarter. Raymond James & Associates now owns 4,404,520 shares of the technology company's stock worth $90,116,000 after purchasing an additional 2,116,824 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Performance

HPE traded up $0.03 during midday trading on Thursday, hitting $23.33. 6,240,824 shares of the company were exchanged, compared to its average volume of 15,134,242. The company's 50 day simple moving average is $21.75 and its 200 day simple moving average is $20.26. The firm has a market capitalization of $30.68 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 2.05 and a beta of 1.20. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.24. 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 business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 27.37%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Citigroup raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Stifel Nicolaus upped their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price objective for the company in a research report on Thursday, December 19th. Raymond James upgraded Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and increased their price target for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Finally, StockNews.com lowered Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 3rd. Six 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, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and an average price target of $24.00.

View Our Latest Research Report on Hewlett Packard Enterprise

Insider Activity at Hewlett Packard Enterprise

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

About Hewlett Packard Enterprise

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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