Hewlett Packard Enterprise (NYSE:HPE) Shares Bought by Grimes & Company Inc.

Grimes & Company Inc. grew its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 0.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,299,276 shares of the technology company’s stock after acquiring an additional 3,783 shares during the quarter. Hewlett Packard Enterprise comprises approximately 0.8% of Grimes & Company Inc.’s holdings, making the stock its 26th largest position. Grimes & Company Inc. owned approximately 0.10% of Hewlett Packard Enterprise worth $27,740,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of 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 valued at $642,748,000 after buying an additional 251,076 shares during the period. Pacer Advisors Inc. raised its position in Hewlett Packard Enterprise by 18.1% during 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 during the period. Legal & General Group Plc increased its position in Hewlett Packard Enterprise by 3.8% in the 2nd quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company’s stock worth $358,602,000 after purchasing an additional 617,691 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Hewlett Packard Enterprise by 6.2% in the 3rd 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Hewlett Packard Enterprise by 1.4% in the 3rd 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 during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

HPE has been the subject of several recent analyst reports. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Loop Capital raised their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Finally, Stifel Nicolaus raised their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, EVP John F. Schultz sold 262,818 shares of the company’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 transaction, the executive vice president now owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeremy Cox sold 7,771 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 61,735 shares in the company, valued at $1,419,905. The trade was a 11.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 332,166 shares of company stock worth $7,300,629 over the last 90 days. Company insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

HPE opened at $24.37 on Friday. 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 business’s 50-day simple moving average is $22.09 and its 200 day simple moving average is $20.43. The firm has a market capitalization of $32.05 billion, a PE ratio of 12.82, a PEG ratio of 2.27 and a beta of 1.20. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders 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 yield of 2.13%. Hewlett Packard Enterprise’s dividend payout ratio is 27.37%.

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.