Wealth High Governance Capital Ltda Buys Shares of 186,634 Hewlett Packard Enterprise (NYSE:HPE)

Wealth High Governance Capital Ltda bought a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 186,634 shares of the technology company’s stock, valued at approximately $3,985,000.

Several other large investors have also modified their holdings of the business. Avantax Planning Partners Inc. boosted its position in shares of Hewlett Packard Enterprise by 6.2% during the fourth quarter. Avantax Planning Partners Inc. now owns 12,858 shares of the technology company’s stock valued at $275,000 after buying an additional 750 shares during the period. Citizens Financial Group Inc. RI boosted its position in shares of Hewlett Packard Enterprise by 32.1% during the fourth quarter. Citizens Financial Group Inc. RI now owns 15,152 shares of the technology company’s stock valued at $323,000 after buying an additional 3,685 shares during the period. Independent Advisor Alliance purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $321,000. Daiwa Securities Group Inc. boosted its position in shares of Hewlett Packard Enterprise by 7.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 177,526 shares of the technology company’s stock valued at $3,790,000 after buying an additional 12,907 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Hewlett Packard Enterprise by 96.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,838,786 shares of the technology company’s stock valued at $39,258,000 after buying an additional 900,945 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HPE shares. Bank of America lowered their price target on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a report on Friday, March 7th. Loop Capital lowered their price target on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a report on Monday. Morgan Stanley lowered their price target on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Thursday, December 19th. Finally, Stifel Nicolaus boosted their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.64.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $15.38 on Wednesday. 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 stock’s fifty day moving average price is $21.22 and its 200 day moving average price is $20.68. Hewlett Packard Enterprise has a 1 year low of $14.85 and a 1 year high of $24.66. The company has a market cap of $20.20 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is 25.37%.

Insider Activity at Hewlett Packard Enterprise

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

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.