Hewlett Packard Enterprise (NYSE:HPE) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. increased its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 21.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,524,735 shares of the technology company’s stock after buying an additional 446,289 shares during the period. Alliancebernstein L.P. owned about 0.19% of Hewlett Packard Enterprise worth $53,903,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hara Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $28,000. Tandem Financial LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth $32,000. R Squared Ltd purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at $45,000. Tompkins Financial Corp raised its stake in Hewlett Packard Enterprise by 397.9% in the fourth quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company’s stock valued at $61,000 after buying an additional 2,300 shares in the last quarter. Finally, Intact Investment Management Inc. purchased a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $68,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HPE shares. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price objective for the company from $23.00 to $26.00 in a report on Friday, December 6th. Stifel Nicolaus increased 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. Daiwa Capital Markets downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research report on Wednesday, March 12th. Wells Fargo & Company lowered their target price on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday, March 7th. Finally, Loop Capital cut their price target on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research note on Monday, March 10th. Nine investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and an average price target of $21.27.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction dated 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 transaction, 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 SEC, which is available at this link. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Stock Down 6.6 %

HPE opened at $12.78 on Friday. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66. The business has a 50 day moving average price of $18.63 and a two-hundred day moving average price of $20.34. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The company has a market cap of $16.78 billion, a PE ratio of 6.72, a P/E/G ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio is presently 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.