Horizon Investments LLC Has $731,000 Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Horizon Investments LLC lifted its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 2.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 34,244 shares of the technology company’s stock after purchasing an additional 900 shares during the quarter. Horizon Investments LLC’s holdings in Hewlett Packard Enterprise were worth $731,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HPE. RPg Family Wealth Advisory LLC acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $25,000. Hara Capital LLC acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $28,000. Tandem Financial LLC acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $32,000. R Squared Ltd acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $45,000. Finally, Quest Partners LLC acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $50,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, January 6th. The stock was 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.36% of the stock is owned by company insiders.

Hewlett Packard Enterprise Stock Up 2.7 %

HPE opened at $16.36 on Thursday. Hewlett Packard Enterprise has a 1-year low of $14.64 and a 1-year high of $24.66. The stock’s fifty day simple moving average is $20.46 and its 200 day simple moving average is $20.52. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock has a market cap of $21.48 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 25.37%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HPE shares. Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Thursday, December 19th. Susquehanna reduced their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Loop Capital reduced their price target on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a research report on Monday, March 10th. Finally, Wells Fargo & Company reduced their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, March 7th. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average target price of $21.27.

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.