Kessler Investment Group LLC Has $432,000 Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Kessler Investment Group LLC lifted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 9.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 20,225 shares of the technology company’s stock after buying an additional 1,662 shares during the period. Kessler Investment Group LLC’s holdings in Hewlett Packard Enterprise were worth $432,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HPE. Eagle Asset Management Inc. grew its holdings in shares of Hewlett Packard Enterprise by 3,537.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock worth $127,571,000 after purchasing an additional 5,629,006 shares in the last quarter. Mizuho Markets Americas LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth $105,185,000. Pacer Advisors Inc. grew its holdings in shares of Hewlett Packard Enterprise by 18.1% during the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after purchasing an additional 4,194,213 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Hewlett Packard Enterprise by 92.5% during the 3rd quarter. Raymond James & Associates now owns 4,404,520 shares of the technology company’s stock worth $90,116,000 after purchasing an additional 2,116,824 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of 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.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the sale, the executive vice president now owns 270,430 shares of the company’s stock, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction that occurred 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 represents a 32.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock worth $7,300,629 over the last ninety days. 0.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HPE. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, December 19th. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. StockNews.com downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $24.00.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $21.73 on Friday. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $24.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The company has a market capitalization of $28.58 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 1.98 and a beta of 1.19. The business has a 50-day moving average of $22.04 and a 200-day moving average of $20.49.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.39%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.37%.

Hewlett Packard Enterprise 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.