Hewlett Packard Enterprise (NYSE:HPE) Stock Holdings Lifted by Stifel Financial Corp

Stifel Financial Corp increased its position in Hewlett Packard Enterprise (NYSE:HPE) by 9.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 526,679 shares of the technology company’s stock after purchasing an additional 44,705 shares during the period. Stifel Financial Corp’s holdings in Hewlett Packard Enterprise were worth $11,245,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter worth $507,000. Tidal Investments LLC boosted its position in Hewlett Packard Enterprise by 169.0% during the 3rd quarter. Tidal Investments LLC now owns 359,280 shares of the technology company’s stock worth $7,351,000 after acquiring an additional 225,719 shares during the period. Synovus Financial Corp grew its stake in Hewlett Packard Enterprise by 7.9% during the 3rd quarter. Synovus Financial Corp now owns 23,751 shares of the technology company’s stock valued at $486,000 after acquiring an additional 1,732 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $1,915,000. Finally, Retirement Systems of Alabama lifted its position in shares of Hewlett Packard Enterprise by 16.0% in the third quarter. Retirement Systems of Alabama now owns 4,887,662 shares of the technology company’s stock worth $100,002,000 after purchasing an additional 673,801 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock opened at $15.13 on Friday. The firm has a fifty day moving average price of $16.89 and a two-hundred day moving average price of $19.89. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $24.66. 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 company has a market cap of $19.87 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 25.37%.

Analysts Set New Price Targets

A number of brokerages have issued reports on HPE. Daiwa America lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Daiwa Capital Markets lowered Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research report on Wednesday, March 12th. StockNews.com lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Susquehanna reduced their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Finally, Wells Fargo & Company dropped their price target on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Hold” and a consensus price target of $20.60.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.36% of the company’s stock.

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.