Hewlett Packard Enterprise (NYSE:HPE) Shares Acquired by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB boosted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 18.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,686 shares of the technology company’s stock after purchasing an additional 881 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Hewlett Packard Enterprise were worth $88,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Korea Investment CORP boosted its position in Hewlett Packard Enterprise by 8.3% during the 4th quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company’s stock valued at $21,434,000 after purchasing an additional 77,244 shares during the period. Proficio Capital Partners LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter valued at approximately $3,598,000. Atria Investments Inc raised its stake in Hewlett Packard Enterprise by 24.3% during the 4th quarter. Atria Investments Inc now owns 24,843 shares of the technology company’s stock valued at $530,000 after acquiring an additional 4,864 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $374,000. Finally, Allworth Financial LP raised its stake in Hewlett Packard Enterprise by 18.1% during the 4th quarter. Allworth Financial LP now owns 43,620 shares of the technology company’s stock valued at $931,000 after acquiring an additional 6,680 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 20th. Susquehanna cut their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Bank of America cut their target price 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. Wall Street Zen downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Wells Fargo & Company cut their target price on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Nine research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.13.

Hewlett Packard Enterprise Stock Down 2.3%

HPE opened at $17.25 on Monday. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $24.66. 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’s fifty day moving average is $15.99 and its 200-day moving average is $19.12. The company has a market capitalization of $22.66 billion, a PE ratio of 9.08, a P/E/G ratio of 2.03 and a beta of 1.29.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio is presently 25.37%.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the business’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.36% of the company’s stock.

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.