Sigma Planning Corp Raises Stake in Hewlett Packard Enterprise (NYSE:HPE)

Sigma Planning Corp increased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 2.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,083 shares of the technology company’s stock after purchasing an additional 958 shares during the quarter. Sigma Planning Corp’s holdings in Hewlett Packard Enterprise were worth $813,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of HPE. Mather Group LLC. increased its position in shares of Hewlett Packard Enterprise by 6.2% in the fourth quarter. Mather Group LLC. now owns 7,557 shares of the technology company’s stock worth $161,000 after acquiring an additional 440 shares in the last quarter. Lakewood Asset Management LLC boosted its position in Hewlett Packard Enterprise by 0.4% during the 4th quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company’s stock worth $2,242,000 after purchasing an additional 457 shares during the period. Essex Financial Services Inc. increased its holdings in Hewlett Packard Enterprise by 3.6% in the 4th quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company’s stock valued at $286,000 after purchasing an additional 461 shares in the last quarter. Westside Investment Management Inc. raised its position in Hewlett Packard Enterprise by 0.8% in 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, Waterfront Wealth Inc. lifted its stake in shares of Hewlett Packard Enterprise by 0.4% during the fourth quarter. Waterfront Wealth Inc. now owns 129,698 shares of the technology company’s stock worth $2,769,000 after purchasing an additional 524 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Activity

In other news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of the transaction, the director now directly owns 104,192 shares of the company’s stock, valued at approximately $2,445,386.24. The trade was a 32.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the sale, the executive vice president now owns 270,430 shares in the company, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 332,166 shares of company stock worth $7,300,629. 0.36% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Thursday, December 19th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Finally, Barclays lifted their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.00.

Hewlett Packard Enterprise Stock Down 2.0 %

NYSE:HPE opened at $20.33 on Wednesday. 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 company has a market capitalization of $26.70 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.66. The stock has a 50-day simple moving average of $21.90 and a 200 day simple moving average of $20.71.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were given a $0.13 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.56%. Hewlett Packard Enterprise’s payout ratio is 27.37%.

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.