TD Private Client Wealth LLC Boosts Stake in Hewlett Packard Enterprise (NYSE:HPE)

TD Private Client Wealth LLC lifted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 27.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,625 shares of the technology company’s stock after purchasing an additional 13,302 shares during the period. TD Private Client Wealth LLC’s holdings in Hewlett Packard Enterprise were worth $1,316,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new position in shares of Hewlett Packard Enterprise during the third quarter worth about $25,000. Hara Capital LLC bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $28,000. Tandem Financial LLC bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $32,000. R Squared Ltd bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $45,000. Finally, Quest Partners LLC bought a new position in Hewlett Packard Enterprise in the third quarter worth about $50,000. Institutional investors own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the transaction, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $16.09 on Friday. The firm’s 50 day moving average is $20.22 and its two-hundred day moving average is $20.48. Hewlett Packard Enterprise has a 52 week low of $14.64 and a 52 week high of $24.66. The firm has a market capitalization of $21.13 billion, a P/E ratio of 8.47, a PEG ratio of 2.03 and a beta of 1.20. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.23%. Hewlett Packard Enterprise’s dividend payout ratio is presently 25.37%.

Analyst Ratings Changes

HPE has been the topic of a number of recent research reports. Bank of America cut their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Morgan Stanley cut their target price on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Loop Capital cut their target price on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, March 10th. StockNews.com cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Finally, Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 target price on the stock. in a report on Wednesday, March 12th. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.27.

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.