Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Motco

Motco reduced its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 42.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,800 shares of the technology company’s stock after selling 2,046 shares during the period. Motco’s holdings in Hewlett Packard Enterprise were worth $60,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of Hewlett Packard Enterprise by 0.8% during the third quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock worth $642,748,000 after buying an additional 251,076 shares during the period. Pacer Advisors Inc. lifted 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 purchasing an additional 4,194,213 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Hewlett Packard Enterprise by 6.2% during 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 valued at $321,149,000 after purchasing an additional 921,624 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Hewlett Packard Enterprise by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,609,078 shares of the technology company’s stock valued at $196,602,000 after purchasing an additional 129,463 shares during the period. Finally, Nordea Investment Management AB lifted its position 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 valued at $155,142,000 after purchasing an additional 1,885,559 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the sale, the senior vice president now owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. This represents a 19.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John F. Schultz sold 262,818 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the sale, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock valued at $7,300,629 over the last 90 days. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HPE. Loop Capital boosted their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Thursday, December 19th. Stifel Nicolaus boosted 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 report on Friday, December 6th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Finally, Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $24.00.

Hewlett Packard Enterprise Stock Down 0.1 %

HPE stock opened at $19.82 on Friday. The stock has a market capitalization of $26.03 billion, a P/E ratio of 10.43, a P/E/G ratio of 2.03 and a beta of 1.19. The firm has a 50-day simple moving average of $21.84 and a 200-day simple moving average of $20.72. 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 52 week low of $14.47 and a 52 week high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.62%. Hewlett Packard Enterprise’s dividend payout ratio is currently 27.37%.

Hewlett Packard Enterprise 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.