NewEdge Advisors LLC Buys 6,744 Shares of Hewlett Packard Enterprise (NYSE:HPE)

NewEdge Advisors LLC lifted its stake in Hewlett Packard Enterprise (NYSE:HPE) by 3.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 186,644 shares of the technology company’s stock after buying an additional 6,744 shares during the period. NewEdge Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $3,985,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Mather Group LLC. grew its stake in shares of Hewlett Packard Enterprise by 6.2% during the fourth quarter. Mather Group LLC. now owns 7,557 shares of the technology company’s stock valued at $161,000 after buying an additional 440 shares during the last quarter. Lakewood Asset Management LLC grew its position in Hewlett Packard Enterprise by 0.4% in the 4th quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company’s stock valued at $2,242,000 after acquiring an additional 457 shares during the last quarter. Essex Financial Services Inc. increased its stake in Hewlett Packard Enterprise by 3.6% in the fourth quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company’s stock worth $286,000 after purchasing an additional 461 shares during the period. Westside Investment Management Inc. boosted its stake in shares of Hewlett Packard Enterprise by 0.8% during the fourth quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock valued at $1,335,000 after purchasing an additional 475 shares during the period. Finally, Aviso Financial Inc. grew its holdings in shares of Hewlett Packard Enterprise by 0.9% in the fourth quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company’s stock worth $1,154,000 after purchasing an additional 490 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Up 1.7 %

Shares of HPE stock opened at $15.13 on Monday. The stock’s fifty 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 has a 1-year low of $11.97 and a 1-year high of $24.66. The company has a market cap of $19.87 billion, a price-to-earnings ratio of 7.96, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HPE. Wells Fargo & Company lowered their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, March 7th. Morgan Stanley lowered Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $14.00 price target for the company. in a report on Tuesday, April 8th. Susquehanna reduced their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Daiwa America cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. Finally, Daiwa Capital Markets lowered Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research note on Wednesday, March 12th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the 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 firm’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.36% of the stock is owned by company insiders.

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.