Hewlett Packard Enterprise (NYSE:HPE) Shares Acquired by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC lifted its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 7.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,547 shares of the technology company’s stock after buying an additional 910 shares during the period. Lake Street Private Wealth LLC’s holdings in Hewlett Packard Enterprise were worth $268,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in Hewlett Packard Enterprise by 14,953.2% in the 2nd quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company’s stock valued at $490,925,000 after buying an additional 23,035,594 shares during the period. Marshall Wace LLP grew its holdings in Hewlett Packard Enterprise by 3,228.2% in the second quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company’s stock valued at $186,831,000 after purchasing an additional 8,560,086 shares during the period. Eagle Asset Management Inc. increased its position 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 purchasing an additional 5,629,006 shares during the last quarter. Mizuho Markets Americas LLC purchased a new position in Hewlett Packard Enterprise during the third quarter worth approximately $105,185,000. Finally, Raymond James & Associates boosted its holdings in shares of Hewlett Packard Enterprise by 92.5% in the 3rd quarter. Raymond James & Associates now owns 4,404,520 shares of the technology company’s stock valued at $90,116,000 after purchasing an additional 2,116,824 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $23.16 on Friday. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.24. The stock has a market cap of $30.46 billion, a P/E ratio of 12.19, a PEG ratio of 2.05 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The firm has a 50-day moving average of $21.85 and a two-hundred day moving average of $20.32.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were issued 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 yield of 2.25%. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the completion of the transaction, the executive vice president now directly owns 270,430 shares in the company, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeremy Cox sold 7,771 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $23.00, for a total value of $178,733.00. Following the sale, the senior vice president now owns 61,735 shares in the company, valued at $1,419,905. The trade was a 11.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 332,166 shares of company stock valued at $7,300,629 in the last three months. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HPE. Barclays upped their price objective on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. StockNews.com lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. Finally, Susquehanna reaffirmed a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Six 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

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.