Simplicity Wealth LLC Invests $224,000 in Hewlett Packard Enterprise (NYSE:HPE)

Simplicity Wealth LLC bought a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) during the 4th quarter, HoldingsChannel reports. The fund bought 10,478 shares of the technology company’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also made changes to their positions in HPE. Kathmere Capital Management LLC raised its position in shares of Hewlett Packard Enterprise by 87.2% during the 4th quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company’s stock valued at $544,000 after buying an additional 11,869 shares during the period. Lebenthal Global Advisors LLC raised its position in shares of Hewlett Packard Enterprise by 83.7% during the 4th quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock valued at $771,000 after buying an additional 16,447 shares during the period. Nordea Investment Management AB raised its position in shares of Hewlett Packard Enterprise by 35.1% during the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after buying an additional 1,885,559 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Hewlett Packard Enterprise by 78.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company’s stock valued at $19,545,000 after buying an additional 401,016 shares during the period. Finally, USA Financial Formulas purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at approximately $617,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $15.38 on Wednesday. The company has a fifty day simple moving average of $21.22 and a two-hundred day simple moving average of $20.68. The company has a market cap of $20.20 billion, a price-to-earnings ratio of 8.09, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. 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 $14.85 and a 52 week high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced 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 of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.38%. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

Analyst Ratings Changes

A number of brokerages have issued reports on HPE. Barclays cut their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Morgan Stanley cut their target price on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Stifel Nicolaus boosted their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Susquehanna cut their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Finally, Raymond James raised 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. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.64.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 48,615 shares in the company, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.36% of the company’s stock.

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.