Ieq Capital LLC Raises Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Ieq Capital LLC boosted its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 224.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 280,685 shares of the technology company’s stock after acquiring an additional 194,232 shares during the period. Ieq Capital LLC’s holdings in Hewlett Packard Enterprise were worth $5,993,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of HPE. RPg Family Wealth Advisory LLC purchased a new position in Hewlett Packard Enterprise during the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. purchased a new position in Hewlett Packard Enterprise during the third quarter valued at approximately $26,000. Hara Capital LLC purchased a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $28,000. Financial Management Professionals Inc. grew 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 in the last quarter. Finally, Tandem Financial LLC purchased a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,771 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $23.00, for a total value of $178,733.00. Following the transaction, the senior vice president now owns 61,735 shares in the company, valued at approximately $1,419,905. The trade was a 11.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $23.47, for a total transaction 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. The trade was a 32.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 332,166 shares of company stock valued at $7,300,629. Insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

HPE has been the subject of several recent analyst reports. StockNews.com cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft raised 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 research note on Thursday, December 19th. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock 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 price target for the stock from $23.00 to $26.00 in a research note on Friday, December 6th. Finally, Loop Capital boosted their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Hewlett Packard Enterprise Price Performance

HPE stock 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 52 week low of $14.47 and a 52 week high of $24.66. The firm’s fifty day moving average is $21.96 and its 200 day moving average is $20.58. The firm has a market cap of $27.80 billion, a P/E ratio of 11.14, a P/E/G ratio of 2.03 and a beta of 1.19.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were issued a dividend of $0.13 per share. 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 is currently 27.37%.

About Hewlett Packard Enterprise

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.