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

Kathmere Capital Management LLC lifted its position in Hewlett Packard Enterprise (NYSE:HPE) by 87.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,483 shares of the technology company’s stock after purchasing an additional 11,869 shares during the period. Kathmere Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in shares of Hewlett Packard Enterprise by 14,953.2% in the second quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company’s stock worth $490,925,000 after acquiring an additional 23,035,594 shares during the period. Marshall Wace LLP increased its stake in shares of Hewlett Packard Enterprise by 3,228.2% in the 2nd quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company’s stock valued at $186,831,000 after purchasing an additional 8,560,086 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in Hewlett Packard Enterprise by 3,537.0% in 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 during the period. Mizuho Markets Americas LLC acquired a new stake in Hewlett Packard Enterprise in the third quarter valued at approximately $105,185,000. Finally, Raymond James & Associates increased its position in shares of Hewlett Packard Enterprise by 92.5% in the third quarter. Raymond James & Associates now owns 4,404,520 shares of the technology company’s stock valued at $90,116,000 after buying an additional 2,116,824 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP John F. Schultz sold 262,818 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 270,430 shares in the company, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of the firm’s 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 sale, the director now directly owns 104,192 shares of the company’s stock, valued at $2,445,386.24. The trade was a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock worth $7,300,629 in the last 90 days. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Susquehanna reissued a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Stifel Nicolaus raised their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. StockNews.com lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Hewlett Packard Enterprise Trading Up 3.4 %

Shares of HPE stock opened at $23.31 on Thursday. 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 twelve month low of $14.47 and a twelve month high of $24.24. The company’s 50-day moving average price is $21.75 and its 200-day moving average price is $20.26. The stock has a market cap of $30.66 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 2.02 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be paid a $0.13 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.23%. 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.