Savant Capital LLC Increases Stake in Hewlett Packard Enterprise (NYSE:HPE)

Savant Capital LLC lifted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 186,018 shares of the technology company’s stock after buying an additional 8,736 shares during the quarter. Savant Capital LLC’s holdings in Hewlett Packard Enterprise were worth $3,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Mather Group LLC. increased its position in shares of Hewlett Packard Enterprise by 6.2% during the fourth quarter. Mather Group LLC. now owns 7,557 shares of the technology company’s stock valued at $161,000 after buying an additional 440 shares during the period. Lakewood Asset Management LLC increased its position in shares of Hewlett Packard Enterprise by 0.4% during the fourth quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company’s stock valued at $2,242,000 after buying an additional 457 shares during the period. Westside Investment Management Inc. boosted its stake in Hewlett Packard Enterprise by 0.8% during the fourth quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock worth $1,335,000 after acquiring an additional 475 shares in the last quarter. True Link Financial Advisors LLC boosted its stake in Hewlett Packard Enterprise by 4.3% during the fourth quarter. True Link Financial Advisors LLC now owns 13,546 shares of the technology company’s stock worth $289,000 after acquiring an additional 560 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its stake in Hewlett Packard Enterprise by 6.4% during the third quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company’s stock worth $198,000 after acquiring an additional 579 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the completion of the sale, the director now directly owns 104,192 shares of the company’s stock, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeremy Cox sold 7,771 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the sale, the senior vice president now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 332,166 shares of company stock worth $7,300,629 over the last quarter. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $23.00 to $28.00 in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Thursday, December 19th. Loop Capital boosted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, Stifel Nicolaus boosted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Hewlett Packard Enterprise Stock Down 1.3 %

Shares of Hewlett Packard Enterprise stock opened at $21.16 on Wednesday. The company has a market cap of $27.83 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 1.98 and a beta of 1.19. The company’s 50 day moving average is $22.07 and its 200 day moving average is $20.47. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.66. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were given 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 2.46%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.37%.

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.