Bailard Inc. Has $796,000 Position in Hewlett Packard Enterprise (NYSE:HPE)

Bailard Inc. lifted its position in Hewlett Packard Enterprise (NYSE:HPE) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 37,293 shares of the technology company’s stock after purchasing an additional 1,203 shares during the period. Bailard Inc.’s holdings in Hewlett Packard Enterprise were worth $796,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mather Group LLC. raised its stake in shares of 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 purchasing an additional 440 shares during the period. Lakewood Asset Management LLC grew its holdings in Hewlett Packard Enterprise by 0.4% during the fourth quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company’s stock worth $2,242,000 after purchasing an additional 457 shares during the period. Essex Financial Services Inc. boosted its stake in shares of Hewlett Packard Enterprise by 3.6% during the 4th quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company’s stock worth $286,000 after acquiring an additional 461 shares during the period. Westside Investment Management Inc. increased its holdings in shares of Hewlett Packard Enterprise by 0.8% in the fourth quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock valued at $1,335,000 after purchasing an additional 475 shares during the last quarter. Finally, Waterfront Wealth Inc. lifted its position in Hewlett Packard Enterprise by 0.4% during the fourth quarter. Waterfront Wealth Inc. now owns 129,698 shares of the technology company’s stock worth $2,769,000 after acquiring an additional 524 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on HPE shares. Stifel Nicolaus increased 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. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Thursday, December 19th. StockNews.com downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Finally, Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price target for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Price Performance

HPE opened at $19.04 on Tuesday. Hewlett Packard Enterprise has a 12-month low of $15.76 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. The stock has a fifty day simple moving average of $21.79 and a two-hundred day simple moving average of $20.76. The company has a market cap of $25.01 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.73%. Hewlett Packard Enterprise’s payout ratio is currently 27.37%.

Insider Activity

In related news, EVP John F. Schultz sold 262,818 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the transaction, the senior vice president now directly owns 61,735 shares of the company’s stock, valued at approximately $1,419,905. This represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 332,166 shares of company stock valued at $7,300,629 over the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Company 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.