Cowa LLC Grows Stake in Hewlett Packard Enterprise (NYSE:HPE)

Cowa LLC boosted its position in Hewlett Packard Enterprise (NYSE:HPE) by 332.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,609 shares of the technology company’s stock after purchasing an additional 36,609 shares during the period. Cowa LLC’s holdings in Hewlett Packard Enterprise were worth $1,016,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of HPE. Creative Planning increased its stake in Hewlett Packard Enterprise by 3.2% in the 3rd quarter. Creative Planning now owns 197,019 shares of the technology company’s stock valued at $4,031,000 after purchasing an additional 6,098 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Hewlett Packard Enterprise by 3.8% during the third quarter. Sequoia Financial Advisors LLC now owns 20,072 shares of the technology company’s stock worth $411,000 after buying an additional 741 shares in the last quarter. Signaturefd LLC increased its position in Hewlett Packard Enterprise by 3.7% during the third quarter. Signaturefd LLC now owns 27,322 shares of the technology company’s stock worth $559,000 after buying an additional 978 shares in the last quarter. Eastern Bank purchased a new position in Hewlett Packard Enterprise during the third quarter worth $192,000. Finally, Private Advisor Group LLC increased its position in Hewlett Packard Enterprise by 29.0% during the third quarter. Private Advisor Group LLC now owns 66,673 shares of the technology company’s stock worth $1,364,000 after buying an additional 14,985 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Trading Down 2.6 %

NYSE:HPE opened at $21.17 on Friday. 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 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 $21.96 and its 200 day simple moving average is $20.58. The stock has a market cap of $27.80 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19.

Hewlett Packard Enterprise Dividend Announcement

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

Insider Activity at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 50,000 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of the transaction, 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 filing with the SEC, which is available at this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the transaction, the senior vice president now owns 61,735 shares of the company’s stock, valued at approximately $1,419,905. This trade represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 332,166 shares of company stock valued at $7,300,629 over the last three months. 0.36% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on HPE shares. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, December 19th. Loop Capital lifted their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Stifel Nicolaus lifted their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Citigroup upgraded 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 report on Friday, December 6th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and an average target price 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.