Kendall Capital Management Purchases 11,215 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Kendall Capital Management raised its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 206,945 shares of the technology company’s stock after acquiring an additional 11,215 shares during the quarter. Hewlett Packard Enterprise makes up approximately 1.3% of Kendall Capital Management’s holdings, making the stock its 18th largest position. Kendall Capital Management’s holdings in Hewlett Packard Enterprise were worth $4,418,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Mather Group LLC. boosted its position in shares of Hewlett Packard Enterprise by 6.2% in the 4th quarter. Mather Group LLC. now owns 7,557 shares of the technology company’s stock worth $161,000 after purchasing an additional 440 shares in the last quarter. Lakewood Asset Management LLC boosted its position in shares of 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 worth $2,242,000 after purchasing an additional 457 shares in the last quarter. Essex Financial Services Inc. boosted its position in shares of 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 worth $286,000 after purchasing an additional 461 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of Hewlett Packard Enterprise by 0.8% in the 4th quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock worth $1,335,000 after purchasing an additional 475 shares in the last quarter. Finally, Waterfront Wealth Inc. raised its holdings in Hewlett Packard Enterprise by 0.4% in the 4th quarter. Waterfront Wealth Inc. now owns 129,698 shares of the technology company’s stock worth $2,769,000 after acquiring an additional 524 shares during the last quarter. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Trading Down 11.9 %

HPE opened at $15.82 on Friday. The firm has a market cap of $20.77 billion, a P/E ratio of 8.32, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 12 month low of $14.93 and a 12 month high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average of $21.47 and a 200 day moving average of $20.72.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be given a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.29%. Hewlett Packard Enterprise’s dividend payout ratio is currently 25.37%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the sale, the senior vice president now owns 48,615 shares of the company’s stock, valued at $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the firm’s 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 completion of the sale, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 324,395 shares of company stock worth $7,121,896. Corporate insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HPE. Loop Capital boosted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Bank of America decreased their price objective on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a report on Friday. Wells Fargo & Company decreased their target price on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Finally, Barclays decreased their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.21.

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.