Horizon Investments LLC Buys 900 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Horizon Investments LLC boosted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,244 shares of the technology company’s stock after buying an additional 900 shares during the period. Horizon Investments LLC’s holdings in Hewlett Packard Enterprise were worth $731,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HPE. RPg Family Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise during the third quarter worth $25,000. Hara Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at $28,000. Tandem Financial LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at $32,000. R Squared Ltd acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at $45,000. Finally, Quest Partners LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at $50,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE opened at $16.36 on Thursday. The stock has a market capitalization of $21.48 billion, a P/E ratio of 8.61, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 1-year low of $14.64 and a 1-year 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 business has a 50-day moving average price of $20.46 and a two-hundred day moving average price of $20.52.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.18%. Hewlett Packard Enterprise’s dividend payout ratio is currently 25.37%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HPE shares. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Susquehanna reduced their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company reduced their target price on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Daiwa Capital Markets downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research note on Wednesday, March 12th. Finally, Barclays reduced their price target on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.27.

Insider Activity

In other news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the sale, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at $1,118,145. This represents a 19.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.36% of the stock is currently owned by company insiders.

About Hewlett Packard Enterprise

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.