Hewlett Packard Enterprise (NYSE:HPE) Position Increased by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its position in Hewlett Packard Enterprise (NYSE:HPE) by 15.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 388,304 shares of the technology company’s stock after buying an additional 51,188 shares during the quarter. QRG Capital Management Inc.’s holdings in Hewlett Packard Enterprise were worth $8,290,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in HPE. RPg Family Wealth Advisory LLC purchased a new position in Hewlett Packard Enterprise during the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. purchased a new position in shares of Hewlett Packard Enterprise during the third quarter valued at $26,000. Hara Capital LLC purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at $28,000. Tandem Financial LLC acquired a new position in Hewlett Packard Enterprise during the fourth quarter valued at $32,000. Finally, R Squared Ltd purchased a new stake in Hewlett Packard Enterprise in the 4th quarter worth about $45,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Buying and Selling

In other news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction dated 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 transaction, the director now directly owns 104,192 shares in the company, valued at approximately $2,445,386.24. The trade was a 32.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the 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 sale, the executive vice president now owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 332,166 shares of company stock valued at $7,300,629. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Down 2.6 %

Shares of HPE stock opened at $19.84 on Friday. The stock’s 50 day simple moving average is $21.88 and its 200 day simple moving average is $20.70. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The company has a market capitalization of $26.05 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 2.03 and a beta of 1.19.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is 27.37%.

Analyst Ratings Changes

Several research firms have weighed in on HPE. StockNews.com cut Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Barclays upped 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 note on Friday, December 6th. Stifel Nicolaus increased their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $23.00 to $28.00 in a report on Thursday, December 5th. Finally, Loop Capital increased their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and an average price target of $24.00.

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.