LPL Financial LLC Acquires 643,015 Shares of Hewlett Packard Enterprise (NYSE:HPE)

LPL Financial LLC raised its stake in Hewlett Packard Enterprise (NYSE:HPE) by 35.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,466,235 shares of the technology company’s stock after buying an additional 643,015 shares during the quarter. LPL Financial LLC owned about 0.19% of Hewlett Packard Enterprise worth $52,654,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Quest Partners LLC bought a new position in shares of Hewlett Packard Enterprise during the third quarter worth about $50,000. Cerity Partners LLC boosted its position in Hewlett Packard Enterprise by 104.7% during the 3rd quarter. Cerity Partners LLC now owns 302,202 shares of the technology company’s stock worth $6,184,000 after acquiring an additional 154,563 shares during the last quarter. Centaurus Financial Inc. bought a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth approximately $155,000. Daiwa Securities Group Inc. raised its holdings in shares of Hewlett Packard Enterprise by 10.9% in the third quarter. Daiwa Securities Group Inc. now owns 164,619 shares of the technology company’s stock valued at $3,368,000 after purchasing an additional 16,205 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Hewlett Packard Enterprise by 211.1% in the third quarter. Fisher Asset Management LLC now owns 33,973 shares of the technology company’s stock worth $695,000 after purchasing an additional 23,053 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.7 %

Shares of HPE stock opened at $15.97 on Friday. Hewlett Packard Enterprise has a 12-month low of $14.64 and a 12-month high of $24.66. The company has a market capitalization of $20.97 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The firm has a 50 day moving average price of $19.70 and a two-hundred day moving average price of $20.42. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Dividend Announcement

The company 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. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.26%. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the sale, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HPE has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of 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. Morgan Stanley dropped their target price on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Barclays decreased their price target on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 target price for the company. in a research note on Wednesday, March 12th. Nine equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and a consensus target price of $21.27.

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.