Providence Capital Advisors LLC Buys 2,400 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Providence Capital Advisors LLC raised its stake in Hewlett Packard Enterprise (NYSE:HPE) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 305,900 shares of the technology company’s stock after purchasing an additional 2,400 shares during the period. Hewlett Packard Enterprise accounts for approximately 1.3% of Providence Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Providence Capital Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $6,531,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HPE. Quest Partners LLC acquired a new position in Hewlett Packard Enterprise in the third quarter valued at $50,000. Cerity Partners LLC boosted its stake in Hewlett Packard Enterprise by 104.7% in the 3rd quarter. Cerity Partners LLC now owns 302,202 shares of the technology company’s stock worth $6,184,000 after purchasing an additional 154,563 shares during the period. Centaurus Financial Inc. purchased a new position in shares of Hewlett Packard Enterprise during the third quarter worth about $155,000. Daiwa Securities Group Inc. raised its position in Hewlett Packard Enterprise by 10.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 164,619 shares of the technology company’s stock worth $3,368,000 after purchasing an additional 16,205 shares during the period. Finally, Fisher Asset Management LLC raised its stake in shares of Hewlett Packard Enterprise by 211.1% during the third quarter. Fisher Asset Management LLC now owns 33,973 shares of the technology company’s stock valued at $695,000 after acquiring an additional 23,053 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling

In other news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the transaction, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. This represents a 19.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is owned by insiders.

Hewlett Packard Enterprise Stock Performance

HPE stock opened at $15.97 on Friday. The firm has a market cap of $20.97 billion, a PE ratio of 8.40, a P/E/G ratio of 2.03 and a beta of 1.20. The business has a 50 day moving average of $19.70 and a 200-day moving average of $20.42. 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 has a 12-month low of $14.64 and a 12-month high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 25.37%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HPE shares. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price objective for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Bank of America reduced their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. 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 note on Thursday, December 19th. Wells Fargo & Company reduced their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, March 7th. Finally, Barclays decreased their price objective on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.27.

About Hewlett Packard Enterprise

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.