SRS Capital Advisors Inc. Has $115,000 Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

SRS Capital Advisors Inc. boosted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 27.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,390 shares of the technology company’s stock after buying an additional 1,165 shares during the period. SRS Capital Advisors Inc.’s holdings in Hewlett Packard Enterprise were worth $115,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Bailard Inc. raised its holdings in shares of Hewlett Packard Enterprise by 3.3% during the fourth quarter. Bailard Inc. now owns 37,293 shares of the technology company’s stock worth $796,000 after acquiring an additional 1,203 shares during the period. Smartleaf Asset Management LLC increased its holdings in Hewlett Packard Enterprise by 5.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 24,745 shares of the technology company’s stock worth $530,000 after purchasing an additional 1,288 shares in the last quarter. West Michigan Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 38.8% in the 4th quarter. West Michigan Advisors LLC now owns 22,401 shares of the technology company’s stock valued at $481,000 after purchasing an additional 6,264 shares during the period. US Bancorp DE lifted its holdings in shares of Hewlett Packard Enterprise by 2.2% in the fourth quarter. US Bancorp DE now owns 192,222 shares of the technology company’s stock valued at $4,104,000 after purchasing an additional 4,140 shares in the last quarter. Finally, SVB Wealth LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $536,000. Institutional investors own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HPE. Deutsche Bank Aktiengesellschaft raised 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. Loop Capital lifted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a report on Monday, December 9th. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Stifel Nicolaus raised their target price 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. Finally, Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and an average price target of $24.00.

Insider Buying and Selling

In other news, EVP John F. Schultz sold 262,818 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 270,430 shares in the company, valued at $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $2,445,386.24. The trade was a 32.43 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 332,166 shares of company stock valued at $7,300,629. 0.36% of the stock is owned by insiders.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $18.89 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average price is $21.67 and its two-hundred day moving average price is $20.75. The company has a market cap of $24.81 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. Hewlett Packard Enterprise has a twelve month low of $15.77 and a twelve month high of $24.66.

Hewlett Packard Enterprise 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.