Cozad Asset Management Inc. Raises Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Cozad Asset Management Inc. grew its stake in Hewlett Packard Enterprise (NYSE:HPE) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,125 shares of the technology company’s stock after acquiring an additional 3,417 shares during the quarter. Cozad Asset Management Inc.’s holdings in Hewlett Packard Enterprise were worth $2,671,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Kathmere Capital Management LLC lifted its position in Hewlett Packard Enterprise by 87.2% during the fourth quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company’s stock worth $544,000 after buying an additional 11,869 shares during the period. Lebenthal Global Advisors LLC lifted its position in Hewlett Packard Enterprise by 83.7% during the fourth quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock worth $771,000 after buying an additional 16,447 shares during the period. Nordea Investment Management AB lifted its position in Hewlett Packard Enterprise by 35.1% during the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock worth $155,142,000 after buying an additional 1,885,559 shares during the period. Nisa Investment Advisors LLC lifted its position in Hewlett Packard Enterprise by 78.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company’s stock worth $19,545,000 after buying an additional 401,016 shares during the period. Finally, USA Financial Formulas purchased a new position in Hewlett Packard Enterprise during the fourth quarter worth about $617,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on HPE. Susquehanna reduced their target price on 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 raised their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company cut their price objective 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. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Finally, Bank of America cut their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and a consensus price target of $21.27.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $15.68 on Monday. Hewlett Packard Enterprise has a fifty-two week low of $14.64 and a fifty-two week high of $24.66. The business has a 50 day moving average price of $20.84 and a two-hundred day moving average price of $20.60. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The firm has a market cap of $20.60 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

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 paid a dividend of $0.13 per share. The ex-dividend date is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.32%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 25.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the sale, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. This trade represents a 19.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is owned by 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.