Dakota Wealth Management Acquires 931 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Dakota Wealth Management lifted its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,646 shares of the technology company’s stock after purchasing an additional 931 shares during the quarter. Dakota Wealth Management’s holdings in Hewlett Packard Enterprise were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eagle Asset Management Inc. raised its position in Hewlett Packard Enterprise by 3,537.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock worth $127,571,000 after buying an additional 5,629,006 shares during the last quarter. Mizuho Markets Americas LLC bought a new position in Hewlett Packard Enterprise during the third quarter valued at approximately $105,185,000. Pacer Advisors Inc. grew its position in Hewlett Packard Enterprise by 18.1% in the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after purchasing an additional 4,194,213 shares during the period. Raymond James & Associates raised its stake in Hewlett Packard Enterprise by 92.5% during the 3rd quarter. Raymond James & Associates now owns 4,404,520 shares of the technology company’s stock valued at $90,116,000 after buying an additional 2,116,824 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Hewlett Packard Enterprise by 35.1% during the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after buying an additional 1,885,559 shares during the period. 80.78% of the stock is owned by institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the transaction, the executive vice president now owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jeremy Cox sold 11,577 shares of the business’s 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 transaction, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at $1,118,145. This trade represents a 19.23 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 332,166 shares of company stock worth $7,300,629. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $23.00 to $29.00 in a report on Monday, November 18th. Loop Capital upped their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Susquehanna restated a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft upgraded 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 report on Thursday, December 19th. Finally, Stifel Nicolaus boosted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Hewlett Packard Enterprise Trading Up 0.0 %

HPE stock opened at $24.37 on Friday. The firm’s fifty day simple moving average is $22.09 and its two-hundred day simple moving average is $20.43. The stock has a market capitalization of $32.05 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 2.27 and a beta of 1.20. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is currently 27.37%.

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.