Hewlett Packard Enterprise (NYSE:HPE) Shares Bought by Howard Capital Management Inc.

Howard Capital Management Inc. raised its position in Hewlett Packard Enterprise (NYSE:HPE) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 201,501 shares of the technology company’s stock after buying an additional 3,592 shares during the period. Howard Capital Management Inc.’s holdings in Hewlett Packard Enterprise were worth $4,302,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Cowa LLC boosted its holdings in Hewlett Packard Enterprise by 332.8% in the 4th quarter. Cowa LLC now owns 47,609 shares of the technology company’s stock worth $1,016,000 after buying an additional 36,609 shares during the last quarter. Sigma Planning Corp boosted its holdings in Hewlett Packard Enterprise by 2.6% in the 4th quarter. Sigma Planning Corp now owns 38,083 shares of the technology company’s stock worth $813,000 after buying an additional 958 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new stake in Hewlett Packard Enterprise in the 4th quarter worth about $347,000. Bell Bank boosted its holdings in Hewlett Packard Enterprise by 11.3% in the 4th quarter. Bell Bank now owns 183,755 shares of the technology company’s stock worth $3,923,000 after buying an additional 18,625 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in Hewlett Packard Enterprise by 5.4% in the 4th quarter. Allianz Asset Management GmbH now owns 4,270,715 shares of the technology company’s stock worth $91,180,000 after buying an additional 217,544 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,771 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the sale, the senior vice president now owns 61,735 shares of the company’s stock, valued at $1,419,905. The trade was a 11.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $5,682,125.16. Following the completion of the sale, the executive vice president now directly owns 270,430 shares in the company, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 332,166 shares of company stock valued at $7,300,629 over the last quarter. 0.36% of the stock is owned by company insiders.

Hewlett Packard Enterprise Trading Down 2.6 %

HPE opened at $21.17 on Friday. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.66. The stock has a market capitalization of $27.80 billion, a PE ratio of 11.14, a P/E/G ratio of 2.03 and a beta of 1.19. The business’s 50 day moving average price is $21.95 and its 200 day moving average price is $20.63. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is 27.37%.

Analysts Set New Price Targets

HPE has been the topic of several recent research reports. Loop Capital boosted their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, December 19th. StockNews.com cut Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Finally, Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

About Hewlett Packard Enterprise

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.