Hewlett Packard Enterprise (NYSE:HPE) Shares Bought by Plato Investment Management Ltd

Plato Investment Management Ltd raised its stake in Hewlett Packard Enterprise (NYSE:HPE) by 3.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 45,055 shares of the technology company’s stock after purchasing an additional 1,497 shares during the quarter. Plato Investment Management Ltd’s holdings in Hewlett Packard Enterprise were worth $965,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HPE. Stephens Inc. AR raised its position in Hewlett Packard Enterprise by 12.3% in the 3rd quarter. Stephens Inc. AR now owns 17,998 shares of the technology company’s stock valued at $368,000 after purchasing an additional 1,972 shares in the last quarter. Roman Butler Fullerton & Co. acquired a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at about $213,000. National Pension Service raised its position in Hewlett Packard Enterprise by 17.3% in the 3rd quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock valued at $65,528,000 after purchasing an additional 472,885 shares in the last quarter. QRG Capital Management Inc. raised its position in Hewlett Packard Enterprise by 30.2% in the 3rd quarter. QRG Capital Management Inc. now owns 337,116 shares of the technology company’s stock valued at $6,897,000 after purchasing an additional 78,221 shares in the last quarter. Finally, Impax Asset Management Group plc increased its holdings in shares of Hewlett Packard Enterprise by 58.9% in the 3rd quarter. Impax Asset Management Group plc now owns 45,139 shares of the technology company’s stock valued at $924,000 after acquiring an additional 16,739 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Buying and Selling 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 that occurred on Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the transaction, the senior vice president now directly owns 61,735 shares in the company, valued at approximately $1,419,905. This trade represents a 11.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value of $5,682,125.16. Following the completion of the transaction, the executive vice president now owns 270,430 shares in the company, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 332,166 shares of company stock worth $7,300,629. 0.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

HPE has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $23.00 to $29.00 in a report on Monday, November 18th. Barclays increased their price objective on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price objective for the company from $23.00 to $26.00 in a report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Hewlett Packard Enterprise Trading Down 3.9 %

NYSE:HPE opened at $19.04 on Tuesday. The stock’s 50 day moving average price is $21.79 and its 200 day moving average price is $20.76. The company has a market capitalization of $25.01 billion, a PE ratio of 10.02, a P/E/G ratio of 2.03 and a beta of 1.19. 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 $15.76 and a 52-week high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced 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 of this dividend was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.73%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 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.