Quartz Partners LLC Boosts Stake in Hewlett Packard Enterprise (NYSE:HPE)

Quartz Partners LLC lifted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 4.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 32,478 shares of the technology company’s stock after acquiring an additional 1,257 shares during the quarter. Quartz Partners LLC’s holdings in Hewlett Packard Enterprise were worth $693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of HPE. Kathmere Capital Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 87.2% in the fourth quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company’s stock worth $544,000 after acquiring an additional 11,869 shares during the period. Lebenthal Global Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 83.7% during the 4th quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock valued at $771,000 after purchasing an additional 16,447 shares during the period. Nordea Investment Management AB lifted its stake in shares of Hewlett Packard Enterprise by 35.1% in the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock worth $155,142,000 after purchasing an additional 1,885,559 shares during the period. Moloney Securities Asset Management LLC purchased a new position in shares of Hewlett Packard Enterprise in the third quarter worth approximately $861,000. Finally, National Pension Service grew its position in Hewlett Packard Enterprise by 17.3% during the third quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock valued at $65,528,000 after buying an additional 472,885 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 2.6 %

HPE stock opened at $21.17 on Monday. The firm has a fifty day moving average price of $21.95 and a 200 day moving average price of $20.66. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.66. The firm has a market cap of $27.80 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.46%. Hewlett Packard Enterprise’s payout ratio is currently 27.37%.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the transaction, the senior vice president now owns 48,615 shares in the company, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the completion of the sale, the executive vice president now owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 332,166 shares of company stock worth $7,300,629 in the last three months. Insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

HPE has been the topic of several recent research reports. StockNews.com downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Loop Capital lifted their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Barclays increased their price target on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Stifel Nicolaus upped their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their target price for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.00.

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.