Lakewood Asset Management LLC Purchases 457 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Lakewood Asset Management LLC increased its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 104,990 shares of the technology company’s stock after buying an additional 457 shares during the period. Hewlett Packard Enterprise accounts for approximately 1.5% of Lakewood Asset Management LLC’s holdings, making the stock its 17th biggest position. Lakewood Asset Management LLC’s holdings in Hewlett Packard Enterprise were worth $2,242,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Moloney Securities Asset Management LLC acquired a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at about $861,000. Nordea Investment Management AB boosted its stake 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 valued at $155,142,000 after purchasing an additional 1,885,559 shares during the last quarter. CHICAGO TRUST Co NA boosted its stake 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 valued at $1,858,000 after purchasing an additional 36,704 shares during the last quarter. National Pension Service boosted its stake 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 valued at $65,528,000 after purchasing an additional 472,885 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in Hewlett Packard Enterprise by 110.8% during the 3rd quarter. HighTower Advisors LLC now owns 299,743 shares of the technology company’s stock worth $6,102,000 after acquiring an additional 157,561 shares during the last quarter. 80.78% of the stock is owned by institutional investors.

Insider Activity

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of the sale, the director now owns 104,192 shares of the company’s stock, valued at $2,445,386.24. This represents a 32.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeremy Cox sold 7,771 shares of the company’s 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 transaction, the senior vice president now owns 61,735 shares of the company’s stock, valued at approximately $1,419,905. This represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 332,166 shares of company stock worth $7,300,629 over the last ninety days. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Susquehanna reiterated a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft upgraded shares of 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. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Finally, Morgan Stanley raised 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Trading Up 3.4 %

NYSE HPE opened at $23.31 on Thursday. The stock has a market capitalization of $30.66 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 2.05 and a beta of 1.20. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.24. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The business’s fifty day moving average is $21.75 and its 200-day moving average is $20.26.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio 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.