Ingalls & Snyder LLC Acquires 14,263 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Ingalls & Snyder LLC grew its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 16.1% during the 4th quarter, HoldingsChannel reports. The firm owned 103,029 shares of the technology company’s stock after purchasing an additional 14,263 shares during the quarter. Ingalls & Snyder LLC’s holdings in Hewlett Packard Enterprise were worth $2,200,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in Hewlett Packard Enterprise by 0.8% in the third quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock valued at $642,748,000 after buying an additional 251,076 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Hewlett Packard Enterprise by 18.1% in the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock valued at $560,274,000 after purchasing an additional 4,194,213 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 purchasing an additional 921,624 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Hewlett Packard Enterprise by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,609,078 shares of the technology company’s stock worth $196,602,000 after purchasing an additional 129,463 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in Hewlett Packard Enterprise by 35.1% in the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after purchasing an additional 1,885,559 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 7,771 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the transaction, the senior vice president now directly owns 61,735 shares of the company’s stock, valued at $1,419,905. This trade represents a 11.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John F. Schultz sold 262,818 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 332,166 shares of company stock valued at $7,300,629. Corporate insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $21.29 on Friday. 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 firm’s 50-day moving average price is $22.05 and its 200-day moving average price is $20.49. The firm has a market capitalization of $28.00 billion, a P/E ratio of 11.20, a P/E/G ratio of 1.98 and a beta of 1.19. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is currently 27.37%.

Analyst Ratings Changes

HPE has been the subject of a number of research reports. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price target for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Thursday, December 19th. Stifel Nicolaus upped 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. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, Loop Capital boosted their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Six 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. According to MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and a consensus 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.