Hewlett Packard Enterprise (NYSE:HPE) Shares Bought by Tidal Investments LLC

Tidal Investments LLC boosted its position in Hewlett Packard Enterprise (NYSE:HPE) by 169.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 359,280 shares of the technology company’s stock after buying an additional 225,719 shares during the period. Tidal Investments LLC’s holdings in Hewlett Packard Enterprise were worth $7,351,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HPE. Wilmington Savings Fund Society FSB acquired a new position in Hewlett Packard Enterprise during the third quarter worth $507,000. Sanctuary Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 22.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 337,943 shares of the technology company’s stock worth $7,469,000 after purchasing an additional 61,423 shares during the period. TD Private Client Wealth LLC increased its holdings in shares of Hewlett Packard Enterprise by 155.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 48,323 shares of the technology company’s stock valued at $989,000 after purchasing an additional 29,374 shares in the last quarter. Fortem Financial Group LLC grew its position in Hewlett Packard Enterprise by 8.2% during the third quarter. Fortem Financial Group LLC now owns 54,645 shares of the technology company’s stock worth $1,118,000 after buying an additional 4,152 shares during the period. Finally, Coldstream Capital Management Inc. increased its holdings in Hewlett Packard Enterprise by 7.7% in the third quarter. Coldstream Capital Management Inc. now owns 22,798 shares of the technology company’s stock valued at $471,000 after buying an additional 1,627 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Antonio F. Neri sold 83,334 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the sale, the chief executive officer now owns 1,758,641 shares of the company’s stock, valued at $34,680,400.52. This represents a 4.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value 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 $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 717,601 shares of company stock worth $15,140,976 in the last three months. 0.40% of the stock is owned by insiders.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $21.83 on Friday. 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 firm’s fifty day moving average price is $21.05 and its 200 day moving average price is $20.00. The company has a market capitalization of $28.35 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 2.64 and a beta of 1.21. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $24.24.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.38%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 27.37%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $23.00 to $29.00 in a report on Monday, November 18th. Barclays boosted 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 boosted their price target on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a report on Monday. UBS Group raised their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Finally, StockNews.com upgraded Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average price target of $23.79.

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.