Ballentine Partners LLC Purchases 934 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Ballentine Partners LLC raised its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,918 shares of the technology company’s stock after acquiring an additional 934 shares during the period. Ballentine Partners LLC’s holdings in Hewlett Packard Enterprise were worth $1,407,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of HPE. Envestnet Asset Management Inc. increased its position in Hewlett Packard Enterprise by 28.0% during the second quarter. Envestnet Asset Management Inc. now owns 535,230 shares of the technology company’s stock valued at $11,331,000 after acquiring an additional 117,243 shares during the last quarter. Blair William & Co. IL increased its position in Hewlett Packard Enterprise by 2.1% during the second quarter. Blair William & Co. IL now owns 45,975 shares of the technology company’s stock valued at $973,000 after acquiring an additional 948 shares during the last quarter. Profund Advisors LLC increased its position in Hewlett Packard Enterprise by 6.7% during the second quarter. Profund Advisors LLC now owns 26,293 shares of the technology company’s stock valued at $557,000 after acquiring an additional 1,649 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 7.0% during the second quarter. ProShare Advisors LLC now owns 242,196 shares of the technology company’s stock valued at $5,127,000 after purchasing an additional 15,941 shares during the period. Finally, Frank Rimerman Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 21,252.1% during the second quarter. Frank Rimerman Advisors LLC now owns 15,587 shares of the technology company’s stock valued at $330,000 after purchasing an additional 15,514 shares during the period. Institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 7,771 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the transaction, the senior vice president now owns 61,735 shares in the company, valued at $1,419,905. This represents a 11.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the company’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 in the company, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Stock Performance

HPE stock opened at $23.71 on Wednesday. The firm has a market cap of $31.19 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 2.15 and a beta of 1.20. The firm has a 50-day simple moving average of $21.87 and a two-hundred day simple moving average of $20.33. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is 27.37%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HPE shares. 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. Loop Capital boosted their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Susquehanna reissued a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Barclays boosted their target price on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, StockNews.com lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

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.