Lakewood Asset Management LLC Boosts Stake in Hewlett Packard Enterprise (NYSE:HPE)

Lakewood Asset Management LLC grew its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 104,990 shares of the technology company’s stock after buying an additional 457 shares during the quarter. Hewlett Packard Enterprise accounts for about 1.5% of Lakewood Asset Management LLC’s investment portfolio, making the stock its 17th biggest position. Lakewood Asset Management LLC’s holdings in Hewlett Packard Enterprise were worth $2,242,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Ashton Thomas Private Wealth LLC bought a new position in Hewlett Packard Enterprise in the second quarter worth approximately $28,000. American Century Companies Inc. raised its stake in Hewlett Packard Enterprise by 424.4% in the 2nd quarter. American Century Companies Inc. now owns 1,447,101 shares of the technology company’s stock worth $30,635,000 after acquiring an additional 1,171,141 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in Hewlett Packard Enterprise by 80.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 74,667 shares of the technology company’s stock worth $1,581,000 after acquiring an additional 33,390 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Hewlett Packard Enterprise by 28.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 535,230 shares of the technology company’s stock worth $11,331,000 after acquiring an additional 117,243 shares during the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at about $208,000. Institutional investors own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the sale, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John F. Schultz sold 262,818 shares of the business’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 transaction of $5,682,125.16. Following the sale, the executive vice president now owns 270,430 shares in the company, valued at $5,846,696.60. This represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 332,166 shares of company stock valued at $7,300,629 over the last ninety days. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on HPE shares. Barclays raised their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. StockNews.com lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. 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 note on Friday, December 6th. Finally, Susquehanna reiterated a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $24.00.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $23.31 on Thursday. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $24.24. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock has a market cap of $30.66 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 2.05 and a beta of 1.20. The company has a 50-day moving average price of $21.75 and a two-hundred day moving average price of $20.26.

Hewlett Packard Enterprise Dividend Announcement

The business 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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is currently 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.