12,363 Shares in Hewlett Packard Enterprise (NYSE:HPE) Purchased by Holistic Financial Partners

Holistic Financial Partners purchased a new position in Hewlett Packard Enterprise (NYSE:HPE) in the fourth quarter, Holdings Channel reports. The fund purchased 12,363 shares of the technology company’s stock, valued at approximately $264,000.

A number of other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its stake in Hewlett Packard Enterprise by 0.8% in the third quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock worth $642,748,000 after purchasing an additional 251,076 shares in the last quarter. Pacer Advisors Inc. grew its stake in 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 worth $560,274,000 after purchasing an additional 4,194,213 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Hewlett Packard Enterprise by 6.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company’s stock worth $321,149,000 after purchasing an additional 921,624 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Hewlett Packard Enterprise by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,609,078 shares of the technology company’s stock worth $196,602,000 after purchasing an additional 129,463 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Hewlett Packard Enterprise by 35.1% in 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 in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 7,771 shares of the business’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 transaction of $178,733.00. Following the sale, the senior vice president now owns 61,735 shares of the company’s stock, valued at $1,419,905. The trade was a 11.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John F. Schultz sold 262,818 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 270,430 shares in the company, valued at approximately $5,846,696.60. The trade was a 49.29 % 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 over the last quarter. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HPE shares. StockNews.com downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Loop Capital lifted their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their target price for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Stifel Nicolaus lifted their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Stock Performance

HPE opened at $21.17 on Monday. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.66. The stock has a market cap of $27.80 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. The business’s 50 day moving average is $21.95 and its 200-day moving average is $20.66. 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 company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.46%. Hewlett Packard Enterprise’s payout ratio is 27.37%.

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.