Coldstream Capital Management Inc. Raises Stake in Hewlett Packard Enterprise (NYSE:HPE)

Coldstream Capital Management Inc. lifted its position in Hewlett Packard Enterprise (NYSE:HPE) by 7.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,798 shares of the technology company’s stock after purchasing an additional 1,627 shares during the period. Coldstream Capital Management Inc.’s holdings in Hewlett Packard Enterprise were worth $471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of HPE. RPg Family Wealth Advisory LLC bought a new position in Hewlett Packard Enterprise in the 3rd quarter worth $25,000. Valley Wealth Managers Inc. bought a new position in shares of Hewlett Packard Enterprise in the third quarter worth about $26,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hewlett Packard Enterprise during the second quarter worth about $28,000. Hazlett Burt & Watson Inc. raised its stake in Hewlett Packard Enterprise by 571.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,143 shares during the period. Finally, Financial Management Professionals Inc. lifted its holdings in Hewlett Packard Enterprise by 80.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after purchasing an additional 637 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $21.83 on Friday. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $24.24. The company has a market capitalization of $28.35 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 2.64 and a beta of 1.21. The stock’s fifty day moving average is $21.08 and its two-hundred day moving average is $20.04. 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 declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.37%.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Fidelma Russo sold 55,908 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $19.99, for a total value of $1,117,600.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeremy Cox sold 7,770 shares of the stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the transaction, the senior vice president now owns 7,771 shares in the company, valued at approximately $163,191. The trade was a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 717,601 shares of company stock worth $15,140,976 in the last 90 days. 0.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 9th. Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. 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 report on Friday, December 6th. Barclays lifted their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price target for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.79.

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.