Hewlett Packard Enterprise (NYSE:HPE) Shares Acquired by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC increased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 10.9% in the fourth quarter, Holdings Channel reports. The firm owned 104,215 shares of the technology company’s stock after acquiring an additional 10,282 shares during the period. AlphaStar Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $2,225,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HPE. Apollon Wealth Management LLC grew its position in Hewlett Packard Enterprise by 16.8% in the fourth quarter. Apollon Wealth Management LLC now owns 30,196 shares of the technology company’s stock valued at $645,000 after acquiring an additional 4,334 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. grew its holdings in Hewlett Packard Enterprise by 1.2% during the 4th quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 488,326 shares of the technology company’s stock valued at $10,426,000 after purchasing an additional 5,689 shares in the last quarter. Vest Financial LLC increased its stake in Hewlett Packard Enterprise by 25.5% during the 4th quarter. Vest Financial LLC now owns 26,951 shares of the technology company’s stock worth $575,000 after buying an additional 5,470 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Hewlett Packard Enterprise by 11.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 142,835 shares of the technology company’s stock worth $3,050,000 after buying an additional 14,720 shares in the last quarter. Finally, Tandem Financial LLC purchased a new position in Hewlett Packard Enterprise in the 4th quarter valued at about $32,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.47, for a total value of $1,173,500.00. Following the sale, the director now directly owns 104,192 shares of the company’s stock, valued at $2,445,386.24. This trade represents a 32.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John F. Schultz sold 262,818 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the transaction, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 332,166 shares of company stock worth $7,300,629. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HPE shares. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. Barclays lifted their price objective on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. 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 note on Friday, December 6th. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $23.00 to $26.00 in a research note on Friday, December 6th. Finally, Loop Capital increased their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $21.27 on Friday. The company has a market cap of $27.97 billion, a PE ratio of 11.19, a P/E/G ratio of 1.98 and a beta of 1.19. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.66. The firm has a 50-day simple moving average of $22.06 and a 200 day simple moving average of $20.46. 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 business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders 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 2.45%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 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.