Proficio Capital Partners LLC Acquires Shares of 168,547 Hewlett Packard Enterprise (NYSE:HPE)

Proficio Capital Partners LLC bought a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 168,547 shares of the technology company’s stock, valued at approximately $3,598,000.

Other large investors have also modified their holdings of the company. Stephens Inc. AR grew its stake in Hewlett Packard Enterprise by 12.3% during the 3rd quarter. Stephens Inc. AR now owns 17,998 shares of the technology company’s stock valued at $368,000 after acquiring an additional 1,972 shares in the last quarter. Roman Butler Fullerton & Co. acquired a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth approximately $213,000. National Pension Service grew its position in shares of Hewlett Packard Enterprise by 17.3% in the third quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock valued at $65,528,000 after purchasing an additional 472,885 shares in the last quarter. QRG Capital Management Inc. increased its holdings in shares of Hewlett Packard Enterprise by 30.2% in the third quarter. QRG Capital Management Inc. now owns 337,116 shares of the technology company’s stock valued at $6,897,000 after purchasing an additional 78,221 shares during the last quarter. Finally, Impax Asset Management Group plc lifted its position in Hewlett Packard Enterprise by 58.9% during the third quarter. Impax Asset Management Group plc now owns 45,139 shares of the technology company’s stock worth $924,000 after buying an additional 16,739 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $18.83 on Wednesday. The business’s fifty day moving average price is $21.73 and its 200 day moving average price is $20.76. Hewlett Packard Enterprise has a 12-month low of $15.77 and a 12-month 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 company has a market capitalization of $24.74 billion, a PE ratio of 9.91, a P/E/G ratio of 2.03 and a beta of 1.19.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.76%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 27.37%.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 7,771 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the sale, the senior vice president now owns 61,735 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of the sale, the director now owns 104,192 shares in the company, valued at approximately $2,445,386.24. The trade was a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 332,166 shares of company stock valued at $7,300,629. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HPE. StockNews.com cut Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Barclays upped their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Citigroup upgraded 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 report on Friday, December 6th. Loop Capital increased 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 note on Monday, December 9th. Finally, Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Six equities research 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.00.

Hewlett Packard Enterprise Company 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.