LPL Financial LLC Has $52.65 Million Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

LPL Financial LLC increased its stake in Hewlett Packard Enterprise (NYSE:HPE) by 35.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,466,235 shares of the technology company’s stock after purchasing an additional 643,015 shares during the period. LPL Financial LLC’s holdings in Hewlett Packard Enterprise were worth $52,654,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of HPE. Kathmere Capital Management LLC increased its holdings in Hewlett Packard Enterprise by 87.2% in the 4th quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company’s stock valued at $544,000 after buying an additional 11,869 shares during the period. Lebenthal Global Advisors LLC increased its stake in Hewlett Packard Enterprise by 83.7% in the fourth quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock valued at $771,000 after acquiring an additional 16,447 shares during the last quarter. Nordea Investment Management AB increased its stake in Hewlett Packard Enterprise by 35.1% in the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after acquiring an additional 1,885,559 shares during 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 valued at $19,545,000 after purchasing an additional 401,016 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in Hewlett Packard Enterprise during the fourth quarter worth $617,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the sale, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $15.97 on Friday. The business has a 50-day moving average price of $19.70 and a two-hundred day moving average price of $20.42. Hewlett Packard Enterprise has a 1-year low of $14.64 and a 1-year high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company has a market cap of $20.97 billion, a P/E ratio of 8.40, a PEG ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.26%. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price objective for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Susquehanna dropped their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Barclays reduced their price objective on 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. Stifel Nicolaus increased their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Thursday, December 19th. Nine research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and a consensus price target of $21.27.

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.