Hewlett Packard Enterprise (NYSE:HPE) Shares Bought by Sound Income Strategies LLC

Sound Income Strategies LLC raised its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 17.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,051 shares of the technology company’s stock after buying an additional 1,934 shares during the period. Sound Income Strategies LLC’s holdings in Hewlett Packard Enterprise were worth $279,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HPE. Eagle Asset Management Inc. boosted its position in shares of 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 valued at $127,571,000 after purchasing an additional 5,629,006 shares during the period. Mizuho Markets Americas LLC acquired a new position in shares of Hewlett Packard Enterprise in the third quarter worth about $105,185,000. Pacer Advisors Inc. increased its position in shares of Hewlett Packard Enterprise by 18.1% in the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after acquiring an additional 4,194,213 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Hewlett Packard Enterprise by 92.5% during the third quarter. Raymond James & Associates now owns 4,404,520 shares of the technology company’s stock valued at $90,116,000 after acquiring an additional 2,116,824 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of 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 acquiring an additional 1,885,559 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise 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 completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jeremy Cox sold 11,577 shares of the firm’s 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 sale, the senior vice president now owns 48,615 shares of the company’s stock, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is owned by insiders.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $24.37 on Friday. The business has a 50 day simple moving average of $22.03 and a 200 day simple moving average of $20.41. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The company has a market capitalization of $32.05 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 2.27 and a beta of 1.20. Hewlett Packard Enterprise has a one year low of $14.47 and a one 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. Stockholders of record on Friday, December 20th were paid a $0.13 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.13%. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.37%.

Analyst Ratings Changes

Several analysts have issued reports on HPE shares. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. StockNews.com lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised 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 report on Thursday, December 19th. Finally, Susquehanna reiterated a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average 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.