Financial Gravity Companies Inc. purchased a new position in Hewlett Packard Enterprise Co (NYSE:HPE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,491 shares of the technology company’s stock, valued at approximately $86,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Hartford Investment Management Co. raised its stake in Hewlett Packard Enterprise by 1.4% during the 4th quarter. Hartford Investment Management Co. now owns 196,469 shares of the technology company’s stock valued at $2,595,000 after buying an additional 2,656 shares during the last quarter. IndexIQ Advisors LLC raised its stake in Hewlett Packard Enterprise by 57.1% during the 4th quarter. IndexIQ Advisors LLC now owns 399,456 shares of the technology company’s stock valued at $5,277,000 after buying an additional 145,163 shares during the last quarter. Creative Planning raised its stake in Hewlett Packard Enterprise by 5.7% during the 4th quarter. Creative Planning now owns 118,238 shares of the technology company’s stock valued at $1,562,000 after buying an additional 6,362 shares during the last quarter. Dupont Capital Management Corp raised its stake in Hewlett Packard Enterprise by 605.5% during the 4th quarter. Dupont Capital Management Corp now owns 102,086 shares of the technology company’s stock valued at $1,349,000 after buying an additional 87,617 shares during the last quarter. Finally, First Mercantile Trust Co. raised its stake in Hewlett Packard Enterprise by 96.3% during the 4th quarter. First Mercantile Trust Co. now owns 11,110 shares of the technology company’s stock valued at $147,000 after buying an additional 5,450 shares during the last quarter. 83.94% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:HPE opened at $15.92 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $22.27 billion, a PE ratio of 10.14, a P/E/G ratio of 1.90 and a beta of 1.60. Hewlett Packard Enterprise Co has a one year low of $12.09 and a one year high of $19.48.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th will be paid a $0.1125 dividend. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.45 annualized dividend and a dividend yield of 2.83%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 28.85%.
A number of equities research analysts have weighed in on HPE shares. Oppenheimer set a $18.00 target price on shares of Hewlett Packard Enterprise and gave the company a “buy” rating in a research note on Thursday, October 25th. Zacks Investment Research reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Tuesday, November 13th. ValuEngine lowered shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. Maxim Group decreased their target price on shares of Hewlett Packard Enterprise from $18.00 to $17.00 and set a “hold” rating for the company in a research note on Thursday, December 6th. Finally, Morgan Stanley lowered shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $21.00 to $15.00 in a research note on Tuesday, January 15th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus price target of $18.08.
In other news, SVP Jeff T. Ricci sold 15,639 shares of the company’s stock in a transaction on Tuesday, December 11th. The stock was sold at an average price of $14.54, for a total value of $227,391.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Keerti Melkote sold 36,300 shares of the company’s stock in a transaction on Tuesday, December 11th. The stock was sold at an average price of $14.55, for a total value of $528,165.00. The disclosure for this sale can be found here. Insiders sold a total of 121,195 shares of company stock valued at $1,795,907 over the last 90 days. 1.18% of the stock is currently owned by company insiders.
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About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
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