Bryce Point Capital LLC Purchases Shares of 73,876 Hewlett Packard Enterprise (NYSE:HPE)

Bryce Point Capital LLC acquired a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 73,876 shares of the technology company’s stock, valued at approximately $1,577,000.

Several other large investors also recently made changes to their positions in HPE. Huntington National Bank raised its position in Hewlett Packard Enterprise by 3.1% during the fourth quarter. Huntington National Bank now owns 17,463 shares of the technology company’s stock worth $373,000 after acquiring an additional 529 shares in the last quarter. Kesler Norman & Wride LLC raised its holdings in shares of Hewlett Packard Enterprise by 71.3% in the 4th quarter. Kesler Norman & Wride LLC now owns 36,183 shares of the technology company’s stock valued at $772,000 after purchasing an additional 15,061 shares during the period. Trexquant Investment LP lifted its stake in Hewlett Packard Enterprise by 18.2% in the 4th quarter. Trexquant Investment LP now owns 1,016,055 shares of the technology company’s stock valued at $21,693,000 after purchasing an additional 156,188 shares during the last quarter. Geode Capital Management LLC grew its holdings in Hewlett Packard Enterprise by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company’s stock worth $686,011,000 after purchasing an additional 681,242 shares during the period. Finally, HighPoint Advisor Group LLC raised its stake in Hewlett Packard Enterprise by 16.4% in the fourth quarter. HighPoint Advisor Group LLC now owns 17,241 shares of the technology company’s stock valued at $365,000 after buying an additional 2,428 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise 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 transaction, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Stock Up 1.5 %

HPE stock opened at $15.66 on Wednesday. The company has a market cap of $20.56 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 52 week low of $14.64 and a 52 week high of $24.66. The business has a 50-day simple moving average of $19.24 and a 200 day simple moving average of $20.44.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders 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 dividend yield of 3.32%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 25.37%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HPE shares. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Thursday, December 19th. Susquehanna decreased their price objective on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Stifel Nicolaus increased their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Finally, Barclays lowered 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 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.27.

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.