Jaffetilchin Investment Partners LLC Buys 23,430 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Jaffetilchin Investment Partners LLC boosted its position in Hewlett Packard Enterprise (NYSE:HPE) by 333.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,462 shares of the technology company’s stock after buying an additional 23,430 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Hewlett Packard Enterprise were worth $650,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth $292,959,000. Norges Bank acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth about $119,067,000. Renaissance Technologies LLC lifted its position in Hewlett Packard Enterprise by 330.8% in the 4th quarter. Renaissance Technologies LLC now owns 2,842,600 shares of the technology company’s stock valued at $60,690,000 after acquiring an additional 2,182,800 shares in the last quarter. Boston Partners boosted its stake in Hewlett Packard Enterprise by 19.1% during the 4th quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock valued at $276,075,000 after purchasing an additional 2,058,562 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in Hewlett Packard Enterprise by 35.1% during the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock worth $155,142,000 after purchasing an additional 1,885,559 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HPE. Daiwa America lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. Daiwa Capital Markets lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 target price for the company. in a research note on Wednesday, March 12th. Morgan Stanley lowered shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $14.00 price target on the stock. in a research report on Tuesday. Loop Capital reduced their price objective on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a research report on Monday, March 10th. Finally, Barclays dropped their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Ten equities 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.60.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the business’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $14.12 on Friday. The company has a market capitalization of $18.55 billion, a P/E ratio of 7.43, a P/E/G ratio of 2.03 and a beta of 1.20. The business has a fifty day simple moving average of $17.54 and a two-hundred day simple moving average of $20.08. 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.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s dividend 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.