Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by US Bancorp DE

US Bancorp DE boosted its position in Hewlett Packard Enterprise (NYSE:HPE) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 192,222 shares of the technology company’s stock after buying an additional 4,140 shares during the period. US Bancorp DE’s holdings in Hewlett Packard Enterprise were worth $4,104,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of HPE. Stephens Inc. AR boosted its position in Hewlett Packard Enterprise by 12.3% in the third quarter. Stephens Inc. AR now owns 17,998 shares of the technology company’s stock valued at $368,000 after buying an additional 1,972 shares during the last quarter. National Pension Service boosted its position in 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 buying an additional 472,885 shares during the last quarter. QRG Capital Management Inc. boosted its position in 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 buying an additional 78,221 shares during the last quarter. Impax Asset Management Group plc boosted its position in Hewlett Packard Enterprise by 58.9% in the third quarter. Impax Asset Management Group plc now owns 45,139 shares of the technology company’s stock valued at $924,000 after buying an additional 16,739 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in Hewlett Packard Enterprise in the third quarter valued at approximately $48,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HPE shares. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their target price for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Stifel Nicolaus upped their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Loop Capital upped their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Hewlett Packard Enterprise Stock Up 0.3 %

Shares of HPE opened at $18.89 on Thursday. Hewlett Packard Enterprise has a 52-week low of $15.77 and a 52-week high of $24.66. The company has a market capitalization of $24.81 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. The stock has a fifty day simple moving average of $21.67 and a two-hundred day simple moving average of $20.75. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,771 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the completion of the sale, the senior vice president now directly owns 61,735 shares of the company’s stock, valued at $1,419,905. This trade represents a 11.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the completion of the sale, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock valued at $7,300,629 in the last three months. 0.36% of the stock is currently owned by insiders.

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.