18,272 Shares in Hewlett Packard Enterprise (NYSE:HPE) Purchased by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC bought a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,272 shares of the technology company’s stock, valued at approximately $390,000.

A number of other hedge funds have also recently modified their holdings of HPE. Geode Capital Management LLC boosted its holdings in Hewlett Packard Enterprise by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock valued at $642,748,000 after acquiring an additional 251,076 shares during the period. Pacer Advisors Inc. lifted its position in shares of Hewlett Packard Enterprise by 18.1% during the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after purchasing an additional 4,194,213 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Hewlett Packard Enterprise by 3.8% during the second quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company’s stock valued at $358,602,000 after purchasing an additional 617,691 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Hewlett Packard Enterprise by 6.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company’s stock worth $321,149,000 after purchasing an additional 921,624 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Hewlett Packard Enterprise by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,609,078 shares of the technology company’s stock worth $196,602,000 after buying an additional 129,463 shares during the period. Institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HPE shares. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Thursday, December 19th. Loop Capital raised their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Susquehanna reaffirmed a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. Finally, Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $23.00 to $26.00 in a report on Friday, December 6th. Six investment 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Hewlett Packard Enterprise Stock Up 2.5 %

NYSE:HPE opened at $23.71 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The stock has a market capitalization of $31.19 billion, a P/E ratio of 12.48, a P/E/G ratio of 2.15 and a beta of 1.20. The company’s 50-day simple moving average is $21.87 and its 200-day simple moving average is $20.33. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.24.

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 issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is currently 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 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 stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 332,166 shares of company stock valued at $7,300,629. Corporate insiders own 0.40% of the company’s stock.

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.