Tocqueville Asset Management L.P. Grows Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Tocqueville Asset Management L.P. boosted its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 51.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,116 shares of the technology company’s stock after buying an additional 5,822 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Hewlett Packard Enterprise were worth $365,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quest Partners LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth approximately $50,000. Pathstone Holdings LLC raised its stake in Hewlett Packard Enterprise by 1.5% during the 3rd quarter. Pathstone Holdings LLC now owns 158,004 shares of the technology company’s stock worth $3,237,000 after acquiring an additional 2,368 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in Hewlett Packard Enterprise by 13.6% in the third quarter. Fifth Third Wealth Advisors LLC now owns 17,233 shares of the technology company’s stock valued at $353,000 after acquiring an additional 2,068 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Hewlett Packard Enterprise in the third quarter valued at $4,349,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Hewlett Packard Enterprise by 1.5% during the third quarter. PNC Financial Services Group Inc. now owns 389,691 shares of the technology company’s stock worth $7,973,000 after purchasing an additional 5,584 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on HPE shares. StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Bank of America lowered their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research report 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 price target for the company. in a research report on Wednesday, March 12th. Loop Capital lowered their price objective on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. Finally, Susquehanna reduced their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and a consensus price target of $21.27.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $16.26 on Friday. The stock has a market capitalization of $21.36 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 2.03 and a beta of 1.20. The business’s 50 day moving average is $20.34 and its two-hundred day moving average is $20.49. Hewlett Packard Enterprise has a 12-month low of $14.64 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.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio is presently 25.37%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the transaction, the senior vice president now directly owns 48,615 shares in the company, valued at approximately $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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.