Mission Wealth Management LP Purchases 1,615 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Mission Wealth Management LP lifted its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,402 shares of the technology company’s stock after acquiring an additional 1,615 shares during the period. Mission Wealth Management LP’s holdings in Hewlett Packard Enterprise were worth $1,396,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in HPE. Stephens Inc. AR lifted its stake in Hewlett Packard Enterprise by 12.3% during the third quarter. Stephens Inc. AR now owns 17,998 shares of the technology company’s stock worth $368,000 after purchasing an additional 1,972 shares during the last quarter. Roman Butler Fullerton & Co. bought a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth $213,000. National Pension Service boosted its stake in Hewlett Packard Enterprise by 17.3% in 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 in the last quarter. QRG Capital Management Inc. boosted its stake in Hewlett Packard Enterprise by 30.2% in the third quarter. QRG Capital Management Inc. now owns 337,116 shares of the technology company’s stock valued at $6,897,000 after buying an additional 78,221 shares in the last quarter. Finally, Impax Asset Management Group plc grew its position in Hewlett Packard Enterprise by 58.9% in the third quarter. Impax Asset Management Group plc now owns 45,139 shares of the technology company’s stock valued at $924,000 after acquiring an additional 16,739 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the sale, the director now owns 104,192 shares in the company, valued at $2,445,386.24. This represents a 32.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeremy Cox sold 11,577 shares of the firm’s 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 sale, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at $1,118,145. This represents a 19.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 332,166 shares of company stock worth $7,300,629. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Trading Down 3.9 %

NYSE HPE opened at $19.04 on Tuesday. Hewlett Packard Enterprise has a 12 month low of $15.76 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 firm has a market capitalization of $25.01 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. The business’s 50-day moving average price is $21.79 and its two-hundred day moving average price is $20.76.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.37%.

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.