Hewlett Packard Enterprise (NYSE:HPE) Shares Bought by Xponance Inc.

Xponance Inc. lifted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 8.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 196,074 shares of the technology company’s stock after purchasing an additional 15,771 shares during the quarter. Xponance Inc.’s holdings in Hewlett Packard Enterprise were worth $4,186,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. boosted its position in Hewlett Packard Enterprise by 6.2% in the 4th quarter. Mather Group LLC. now owns 7,557 shares of the technology company’s stock valued at $161,000 after buying an additional 440 shares during the period. Lakewood Asset Management LLC boosted its holdings in Hewlett Packard Enterprise by 0.4% in the fourth quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company’s stock valued at $2,242,000 after purchasing an additional 457 shares during the period. Essex Financial Services Inc. boosted its holdings in Hewlett Packard Enterprise by 3.6% in the fourth quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company’s stock valued at $286,000 after purchasing an additional 461 shares during the period. Westside Investment Management Inc. increased its holdings in Hewlett Packard Enterprise by 0.8% during the 4th quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock worth $1,335,000 after purchasing an additional 475 shares during the period. Finally, Aviso Financial Inc. raised its position in Hewlett Packard Enterprise by 0.9% in the 4th quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company’s stock valued at $1,154,000 after purchasing an additional 490 shares in 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 related news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the transaction, the senior vice president now owns 48,615 shares of the company’s stock, valued at $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.36% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on HPE. Barclays lowered their price objective on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Susquehanna dropped their price objective on shares of 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. Stifel Nicolaus lifted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Wells Fargo & Company dropped their target price on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. Finally, Bank of America decreased their price target on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.27.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $16.26 on Friday. The company’s 50 day simple moving average is $20.34 and its 200-day simple moving average is $20.49. The firm has a market cap of $21.36 billion, a PE ratio of 8.56, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 12-month low of $14.64 and a 12-month high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.20%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

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.