Hewlett Packard Enterprise (NYSE:HPE) Shares Bought by Ellevest Inc.

Ellevest Inc. lifted its stake in Hewlett Packard Enterprise (NYSE:HPE) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,273 shares of the technology company’s stock after buying an additional 1,325 shares during the quarter. Ellevest Inc.’s holdings in Hewlett Packard Enterprise were worth $411,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hara Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $28,000. Tandem Financial LLC purchased a new stake in Hewlett Packard Enterprise during the fourth quarter worth $32,000. Conquis Financial LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter valued at $41,000. R Squared Ltd purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at $45,000. Finally, Tompkins Financial Corp raised its position in shares of Hewlett Packard Enterprise by 397.9% in the fourth quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company’s stock worth $61,000 after acquiring an additional 2,300 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HPE has been the subject of a number of analyst reports. Daiwa Capital Markets cut Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target for the company. in a report on Wednesday, March 12th. Morgan Stanley lowered Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $14.00 target price on the stock. in a research report on Tuesday, April 8th. Daiwa America lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. Susquehanna decreased their price objective on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Finally, StockNews.com cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.60.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $16.84 on Friday. The business’s 50 day moving average price is $15.54 and its 200 day moving average price is $19.45. The company has a market cap of $22.12 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 2.03 and a beta of 1.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were issued a dividend of $0.13 per share. The ex-dividend date was Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.09%. Hewlett Packard Enterprise’s dividend payout ratio is presently 25.37%.

Insider Activity

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Company 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.