225,613 Shares in Hewlett Packard Enterprise (NYSE:HPE) Bought by Madison Investment Advisors LLC

Madison Investment Advisors LLC bought a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 225,613 shares of the technology company’s stock, valued at approximately $4,817,000.

Other institutional investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new position in Hewlett Packard Enterprise during the third quarter worth $25,000. Hara Capital LLC acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth $28,000. Tandem Financial LLC acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth $32,000. R Squared Ltd acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth $45,000. Finally, Quest Partners LLC acquired a new position in Hewlett Packard Enterprise during the third quarter worth $50,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HPE has been the topic of several research reports. Daiwa Capital Markets downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a report on Wednesday, March 12th. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the company from $23.00 to $26.00 in a report on Friday, December 6th. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Stifel Nicolaus upped their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company decreased their price objective on shares of 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. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.27.

Hewlett Packard Enterprise Trading Down 0.9 %

Shares of Hewlett Packard Enterprise stock opened at $16.09 on Friday. Hewlett Packard Enterprise has a 52-week low of $14.64 and a 52-week high of $24.66. The firm has a 50-day moving average of $20.22 and a 200-day moving average of $20.47. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The stock has a market cap of $21.13 billion, a PE ratio of 8.47, a PEG ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be given 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 3.23%. Hewlett Packard Enterprise’s dividend payout ratio is 25.37%.

Insider Buying and Selling

In related 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 completion of the sale, the senior vice president now owns 48,615 shares of the company’s stock, valued at $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.