Alliancebernstein L.P. Raises Stake in Hewlett Packard Enterprise (NYSE:HPE)

Alliancebernstein L.P. increased its stake in Hewlett Packard Enterprise (NYSE:HPE) by 21.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,524,735 shares of the technology company’s stock after purchasing an additional 446,289 shares during the quarter. Alliancebernstein L.P.’s holdings in Hewlett Packard Enterprise were worth $53,903,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HPE. Townsquare Capital LLC purchased a new position in Hewlett Packard Enterprise in the third quarter valued at about $404,000. Public Sector Pension Investment Board grew its holdings in shares of Hewlett Packard Enterprise by 13.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 56,555 shares of the technology company’s stock worth $1,157,000 after acquiring an additional 6,600 shares during the period. Captrust Financial Advisors increased its stake in Hewlett Packard Enterprise by 21.6% in the 3rd quarter. Captrust Financial Advisors now owns 93,735 shares of the technology company’s stock valued at $1,918,000 after purchasing an additional 16,660 shares in the last quarter. HighTower Advisors LLC raised its holdings in Hewlett Packard Enterprise by 110.8% during the third quarter. HighTower Advisors LLC now owns 299,743 shares of the technology company’s stock worth $6,102,000 after purchasing an additional 157,561 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in Hewlett Packard Enterprise by 4.6% during the third quarter. Integrated Wealth Concepts LLC now owns 31,052 shares of the technology company’s stock worth $635,000 after purchasing an additional 1,370 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 6.6 %

Shares of HPE stock opened at $12.78 on Friday. The firm’s 50-day simple moving average is $18.63 and its 200-day simple moving average is $20.34. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $24.66. The firm has a market cap of $16.78 billion, a P/E ratio of 6.72, a PEG ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio is currently 25.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the transaction, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HPE has been the subject of several research reports. Susquehanna cut their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Thursday, December 19th. Stifel Nicolaus increased their price target 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. Daiwa America cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Finally, Barclays reduced their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Nine 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 company. According to data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and an average price target of $21.27.

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.