Stifel Financial Corp Grows Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Stifel Financial Corp grew its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 526,679 shares of the technology company’s stock after purchasing an additional 44,705 shares during the period. Stifel Financial Corp’s holdings in Hewlett Packard Enterprise were worth $11,245,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HPE. Wilmington Savings Fund Society FSB purchased a new stake in Hewlett Packard Enterprise during the 3rd quarter worth approximately $507,000. Tidal Investments LLC boosted its stake in Hewlett Packard Enterprise by 169.0% during the 3rd quarter. Tidal Investments LLC now owns 359,280 shares of the technology company’s stock valued at $7,351,000 after acquiring an additional 225,719 shares during the last quarter. Synovus Financial Corp grew its holdings in Hewlett Packard Enterprise by 7.9% during the 3rd quarter. Synovus Financial Corp now owns 23,751 shares of the technology company’s stock worth $486,000 after acquiring an additional 1,732 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth about $1,915,000. Finally, Retirement Systems of Alabama raised its stake in shares of Hewlett Packard Enterprise by 16.0% in the 3rd quarter. Retirement Systems of Alabama now owns 4,887,662 shares of the technology company’s stock valued at $100,002,000 after purchasing an additional 673,801 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HPE. Daiwa America cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Bank of America reduced their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company dropped 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 report on Friday, March 7th. Susquehanna decreased their price target 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. Finally, StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Hold” and an average target price of $20.60.

Insider Buying and Selling

In related news, Director Bethany Mayer sold 6,409 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $15.13 on Friday. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $24.66. The stock has a market cap of $19.87 billion, a price-to-earnings ratio of 7.96, a PEG ratio of 2.03 and a beta of 1.20. The stock’s 50 day moving average price is $16.89 and its 200 day moving average price is $19.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.44%. Hewlett Packard Enterprise’s dividend payout ratio is currently 25.37%.

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.