Nisa Investment Advisors LLC Acquires 401,016 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Nisa Investment Advisors LLC lifted its stake in Hewlett Packard Enterprise (NYSE:HPE) by 78.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 909,919 shares of the technology company’s stock after acquiring an additional 401,016 shares during the period. Nisa Investment Advisors LLC owned approximately 0.07% of Hewlett Packard Enterprise worth $19,545,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Eagle Asset Management Inc. raised its position in shares of Hewlett Packard Enterprise by 3,537.0% during the third quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock valued at $127,571,000 after buying an additional 5,629,006 shares during the last quarter. Mizuho Markets Americas LLC acquired a new position in Hewlett Packard Enterprise in the 3rd quarter valued at approximately $105,185,000. Pacer Advisors Inc. lifted its position in shares of 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 acquiring an additional 4,194,213 shares during the period. Raymond James & Associates grew its holdings in shares of 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 worth $90,116,000 after purchasing an additional 2,116,824 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Hewlett Packard Enterprise by 35.1% during the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after purchasing an additional 1,885,559 shares during the period. Institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $23.47, for a total value of $1,173,500.00. Following the transaction, the director now owns 104,192 shares in the company, valued at $2,445,386.24. This trade represents a 32.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeremy Cox sold 7,771 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the sale, the senior vice president now directly owns 61,735 shares of the company’s stock, valued at $1,419,905. This represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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

A number of equities research analysts have weighed in on HPE shares. Barclays lifted their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their target price for the company from $23.00 to $26.00 in a research report 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 for the company in a research report on Thursday, December 19th. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Finally, 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. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock opened at $24.42 on Thursday. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm’s 50 day moving average is $21.91 and its 200-day moving average is $20.35. The firm has a market capitalization of $32.11 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 2.15 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

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