Smartleaf Asset Management LLC Increases Stake in Hewlett Packard Enterprise (NYSE:HPE)

Smartleaf Asset Management LLC increased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,745 shares of the technology company’s stock after buying an additional 1,288 shares during the period. Smartleaf Asset Management LLC’s holdings in Hewlett Packard Enterprise were worth $530,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $26,000. Hara Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $28,000. Tandem Financial LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $32,000. Finally, R Squared Ltd purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $45,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Jeremy Cox sold 7,771 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $23.00, for a total value of $178,733.00. Following the completion of the sale, the senior vice president now owns 61,735 shares in the company, valued at approximately $1,419,905. This trade represents a 11.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the completion of the sale, the director now owns 104,192 shares of the company’s stock, valued at $2,445,386.24. This trade represents a 32.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 332,166 shares of company stock worth $7,300,629 in the last 90 days. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

HPE has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Thursday, December 19th. Barclays increased their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Loop Capital upped their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a report on Monday, December 9th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $23.00 to $28.00 in a report on Thursday, December 5th. Finally, StockNews.com cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Hewlett Packard Enterprise Stock Down 3.9 %

Shares of NYSE:HPE opened at $19.04 on Tuesday. The stock has a market cap of $25.01 billion, a P/E ratio of 10.02, a P/E/G ratio of 2.03 and a beta of 1.19. The firm has a fifty day moving average price of $21.79 and a 200 day moving average price of $20.76. 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 $15.76 and a 1-year high of $24.66.

Hewlett Packard Enterprise Announces Dividend

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 dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend 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.