Hewlett Packard Enterprise (NYSE:HPE) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC boosted its position in Hewlett Packard Enterprise (NYSE:HPE) by 10.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 260,170 shares of the technology company’s stock after buying an additional 24,560 shares during the period. ProShare Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $5,555,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lebenthal Global Advisors LLC raised 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 worth $771,000 after buying an additional 16,447 shares during the last quarter. Korea Investment CORP increased its holdings in Hewlett Packard Enterprise by 8.3% during the 4th quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company’s stock valued at $21,434,000 after acquiring an additional 77,244 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Hewlett Packard Enterprise by 78.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company’s stock worth $19,545,000 after acquiring an additional 401,016 shares during the last quarter. Milestone Asset Management LLC lifted its holdings in shares of Hewlett Packard Enterprise by 35.5% in the fourth quarter. Milestone Asset Management LLC now owns 92,369 shares of the technology company’s stock valued at $1,972,000 after purchasing an additional 24,197 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $504,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HPE has been the subject of several research reports. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Wells Fargo & Company reduced their price objective on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, March 7th. Daiwa America cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Morgan Stanley downgraded shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $14.00 target price for the company. in a research note on Tuesday, April 8th. Finally, Bank of America decreased their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.60.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.36% of the stock is owned by company insiders.

Hewlett Packard Enterprise Stock Up 0.8%

Shares of HPE opened at $17.76 on Monday. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $24.66. The company’s fifty day moving average is $15.66 and its two-hundred day moving average is $19.38. The firm has a market cap of $23.32 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

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.