CIBC Asset Management Inc Acquires 5,459 Shares of Hewlett Packard Enterprise (NYSE:HPE)

CIBC Asset Management Inc lifted its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 2.5% during the fourth quarter, HoldingsChannel reports. The firm owned 227,021 shares of the technology company’s stock after purchasing an additional 5,459 shares during the period. CIBC Asset Management Inc’s holdings in Hewlett Packard Enterprise were worth $4,847,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Hewlett Packard Enterprise in the third quarter worth about $25,000. Valley Wealth Managers Inc. bought a new position in Hewlett Packard Enterprise during the third quarter valued at about $26,000. Financial Management Professionals Inc. increased its stake in Hewlett Packard Enterprise by 80.3% during the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock valued at $29,000 after acquiring an additional 637 shares during the period. Tandem Financial LLC bought a new position in Hewlett Packard Enterprise during the fourth quarter valued at about $32,000. Finally, R Squared Ltd bought a new position in Hewlett Packard Enterprise during the fourth quarter valued at about $45,000. 80.78% of the stock is currently owned by institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the company’s stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 7,771 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the transaction, the senior vice president now directly owns 61,735 shares in the company, valued at approximately $1,419,905. This represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 332,166 shares of company stock valued at $7,300,629 in the last three months. 0.36% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Stock Up 0.1 %

Shares of HPE opened at $21.80 on Thursday. The company has a market capitalization of $28.63 billion, a P/E ratio of 11.47, a PEG ratio of 2.01 and a beta of 1.19. 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 one year low of $14.47 and a one year high of $24.66. The business’s 50 day simple moving average is $21.97 and its 200-day simple moving average is $20.57.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is currently 27.37%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $23.00 to $29.00 in a research note on Monday, November 18th. StockNews.com lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Loop Capital upped their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, Barclays upped their price objective on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Six equities 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

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.