Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by Sigma Planning Corp

Sigma Planning Corp lifted its stake in Hewlett Packard Enterprise (NYSE:HPE) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,083 shares of the technology company’s stock after acquiring an additional 958 shares during the period. Sigma Planning Corp’s holdings in Hewlett Packard Enterprise were worth $813,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in HPE. RPg Family Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise in the third quarter worth approximately $25,000. Valley Wealth Managers Inc. bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth $26,000. Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth $28,000. Tandem Financial LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $32,000. Finally, R Squared Ltd bought a new position in Hewlett Packard Enterprise during the fourth quarter valued at about $45,000. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $20.33 on Wednesday. The stock’s fifty day simple moving average is $21.90 and its 200-day simple moving average is $20.71. The company has a market capitalization of $26.70 billion, a price-to-earnings ratio of 10.70, a P/E/G ratio of 2.03 and a beta of 1.19. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were issued a $0.13 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.56%. Hewlett Packard Enterprise’s dividend payout ratio is 27.37%.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 7,771 shares of the business’s stock in a transaction on 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 in the company, valued at $1,419,905. The trade was a 11.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John F. Schultz sold 262,818 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 270,430 shares in the company, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock valued at $7,300,629 over the last three months. 0.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on HPE shares. Stifel Nicolaus boosted their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $23.00 to $29.00 in a report on Monday, November 18th. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their target price for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Barclays upped their price target on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Loop Capital raised their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Six equities research 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 company. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and a consensus target price 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.