Hewlett Packard Enterprise (NYSE:HPE) Holdings Lifted by ARS Investment Partners LLC

ARS Investment Partners LLC increased its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,683 shares of the technology company’s stock after acquiring an additional 8,543 shares during the period. ARS Investment Partners LLC’s holdings in Hewlett Packard Enterprise were worth $5,864,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ballentine Partners LLC increased its position in Hewlett Packard Enterprise by 1.4% in the 4th quarter. Ballentine Partners LLC now owns 65,918 shares of the technology company’s stock worth $1,407,000 after purchasing an additional 934 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its stake in shares of Hewlett Packard Enterprise by 27.7% in the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 50,691 shares of the technology company’s stock valued at $1,082,000 after buying an additional 11,000 shares in the last quarter. True Link Financial Advisors LLC raised its position in Hewlett Packard Enterprise by 4.3% during the fourth quarter. True Link Financial Advisors LLC now owns 13,546 shares of the technology company’s stock valued at $289,000 after acquiring an additional 560 shares in the last quarter. Jackson Square Capital LLC lifted its stake in Hewlett Packard Enterprise by 7.9% in the fourth quarter. Jackson Square Capital LLC now owns 44,715 shares of the technology company’s stock valued at $955,000 after acquiring an additional 3,290 shares during the last quarter. Finally, Krilogy Financial LLC bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth approximately $235,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Loop Capital boosted their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Barclays upped their target price on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Finally, Stifel Nicolaus upped their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $24.00.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,771 shares of Hewlett Packard Enterprise stock in a transaction on Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the completion of the transaction, the senior vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the completion of the sale, the director now directly owns 104,192 shares of the company’s stock, valued at approximately $2,445,386.24. The trade was a 32.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $23.16 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $24.24. The company has a market capitalization of $30.46 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 2.15 and a beta of 1.20. The firm’s 50 day moving average is $21.85 and its 200-day moving average is $20.31.

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 paid a $0.13 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.25%. Hewlett Packard Enterprise’s dividend payout ratio is presently 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.