Hewlett Packard Enterprise (NYSE:HPE) Shares Bought by Bell Bank

Bell Bank raised its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 183,755 shares of the technology company’s stock after purchasing an additional 18,625 shares during the quarter. Bell Bank’s holdings in Hewlett Packard Enterprise were worth $3,923,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Eagle Asset Management Inc. boosted its holdings in Hewlett Packard Enterprise by 3,537.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock worth $127,571,000 after buying an additional 5,629,006 shares during the last quarter. Mizuho Markets Americas LLC purchased a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth approximately $105,185,000. Pacer Advisors Inc. grew its stake in shares of Hewlett Packard Enterprise by 18.1% in the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock valued at $560,274,000 after buying an additional 4,194,213 shares in the last quarter. Nordea Investment Management AB increased its stake in Hewlett Packard Enterprise by 35.1% during the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock worth $155,142,000 after purchasing an additional 1,885,559 shares during the period. Finally, National Bank of Canada FI grew its holdings in shares of Hewlett Packard Enterprise by 61.6% in the third quarter. National Bank of Canada FI now owns 3,504,681 shares of the technology company’s stock valued at $71,706,000 after purchasing an additional 1,335,318 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $21.17 on Friday. The business has a fifty day moving average of $21.96 and a two-hundred day moving average of $20.58. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The company has a market cap of $27.80 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.46%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 27.37%.

Insider Activity

In related news, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the transaction, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Jeremy Cox sold 7,771 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 61,735 shares in the company, valued at $1,419,905. This trade represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 332,166 shares of company stock worth $7,300,629. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

HPE has been the topic of several analyst reports. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Barclays boosted their target price on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Stifel Nicolaus lifted their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Loop Capital increased their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a report on Monday, December 9th. Finally, Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $23.00 to $29.00 in a report on Monday, November 18th. Six investment 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’s stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

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.