10,478 Shares in Hewlett Packard Enterprise (NYSE:HPE) Bought by Simplicity Wealth LLC

Simplicity Wealth LLC bought a new position in Hewlett Packard Enterprise (NYSE:HPE) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 10,478 shares of the technology company’s stock, valued at approximately $224,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Hewlett Packard Enterprise by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock worth $642,748,000 after acquiring an additional 251,076 shares during the last quarter. Pacer Advisors Inc. raised its stake 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 valued at $560,274,000 after buying an additional 4,194,213 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Hewlett Packard Enterprise by 6.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company’s stock valued at $321,149,000 after buying an additional 921,624 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $292,959,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Hewlett Packard Enterprise by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company’s stock valued at $208,055,000 after buying an additional 135,874 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HPE. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Stifel Nicolaus lifted their price objective 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. Wells Fargo & Company reduced their price objective on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, March 7th. Susquehanna dropped their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Finally, Loop Capital dropped their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and a consensus target price of $21.64.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the sale, the senior vice president now directly owns 48,615 shares in the company, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Trading Up 2.0 %

HPE stock opened at $15.38 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 12-month low of $14.85 and a 12-month high of $24.66. The stock has a market cap of $20.20 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 2.03 and a beta of 1.20. The business’s 50-day moving average is $21.22 and its 200 day moving average is $20.68.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.38%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is 25.37%.

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.