Tocqueville Asset Management L.P. Increases Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Tocqueville Asset Management L.P. increased its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 51.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,116 shares of the technology company’s stock after purchasing an additional 5,822 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Hewlett Packard Enterprise were worth $365,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HPE. Mather Group LLC. lifted its holdings in shares of Hewlett Packard Enterprise by 6.2% in the fourth quarter. Mather Group LLC. now owns 7,557 shares of the technology company’s stock valued at $161,000 after purchasing an additional 440 shares in the last quarter. Lakewood Asset Management LLC raised its position in shares of Hewlett Packard Enterprise by 0.4% during the 4th quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company’s stock worth $2,242,000 after purchasing an additional 457 shares during the last quarter. Essex Financial Services Inc. lifted its stake in Hewlett Packard Enterprise by 3.6% in the 4th quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company’s stock valued at $286,000 after buying an additional 461 shares in the last quarter. Westside Investment Management Inc. lifted its stake in Hewlett Packard Enterprise by 0.8% in the 4th quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock valued at $1,335,000 after buying an additional 475 shares in the last quarter. Finally, Aviso Financial Inc. grew its holdings in Hewlett Packard Enterprise by 0.9% during the 4th quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company’s stock valued at $1,154,000 after buying an additional 490 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the transaction, the senior vice president now 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 legal filing with the SEC, which is available at this link. 0.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HPE shares. Susquehanna cut their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their target price for the company from $23.00 to $26.00 in a research note 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 note on Thursday, December 19th. Daiwa Capital Markets lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research report on Wednesday, March 12th. Finally, Barclays decreased their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.27.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $16.26 on Friday. The stock has a 50-day moving average price of $20.34 and a two-hundred day moving average price of $20.49. The company has a market cap of $21.36 billion, a PE ratio of 8.56, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. 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 12-month low of $14.64 and a 12-month high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The firm 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 dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 25.37%.

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.