Graypoint LLC Purchases 936 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Graypoint LLC boosted its position in Hewlett Packard Enterprise (NYSE:HPE) by 2.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 36,295 shares of the technology company’s stock after acquiring an additional 936 shares during the period. Graypoint LLC’s holdings in Hewlett Packard Enterprise were worth $775,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Moloney Securities Asset Management LLC bought a new stake in Hewlett Packard Enterprise in the 3rd quarter worth $861,000. CHICAGO TRUST Co NA lifted its position in shares of Hewlett Packard Enterprise by 67.8% in the 3rd quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock worth $1,858,000 after purchasing an additional 36,704 shares during the period. Nordea Investment Management AB lifted its position in shares of Hewlett Packard Enterprise by 35.1% in the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock worth $155,142,000 after purchasing an additional 1,885,559 shares during the period. National Pension Service lifted its position in shares of 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 worth $65,528,000 after purchasing an additional 472,885 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of Hewlett Packard Enterprise by 110.8% in the 3rd quarter. HighTower Advisors LLC now owns 299,743 shares of the technology company’s stock worth $6,102,000 after purchasing an additional 157,561 shares during the period. Institutional investors own 80.78% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 7,771 shares of Hewlett Packard Enterprise 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Antonio F. Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the sale, the chief executive officer now owns 1,508,641 shares of the company’s stock, valued at $31,274,127.93. This represents a 14.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 582,166 shares of company stock valued at $12,483,129. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

HPE has been the subject of several research analyst reports. Stifel Nicolaus raised their target price 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. Loop Capital raised their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Susquehanna reaffirmed a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Finally, Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Hewlett Packard Enterprise Stock Up 0.5 %

Shares of Hewlett Packard Enterprise stock opened at $22.14 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 stock has a market capitalization of $29.12 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 2.02 and a beta of 1.20. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $24.24. The company has a 50-day simple moving average of $21.66 and a two-hundred day simple moving average of $20.26.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.35%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 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.