Envestnet Portfolio Solutions Inc. Increases Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Envestnet Portfolio Solutions Inc. raised its stake in Hewlett Packard Enterprise (NYSE:HPE) by 35.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,342 shares of the technology company’s stock after buying an additional 6,629 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Hewlett Packard Enterprise were worth $541,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HPE. Mather Group LLC. increased its position in Hewlett Packard Enterprise by 6.2% during the fourth quarter. Mather Group LLC. now owns 7,557 shares of the technology company’s stock worth $161,000 after purchasing an additional 440 shares during the last quarter. Lakewood Asset Management LLC grew its stake in shares of Hewlett Packard Enterprise by 0.4% in the 4th 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. Essex Financial Services Inc. increased its holdings in shares of Hewlett Packard Enterprise by 3.6% during the 4th quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company’s stock worth $286,000 after buying an additional 461 shares during the last quarter. Westside Investment Management Inc. raised its position in shares of Hewlett Packard Enterprise by 0.8% during the 4th quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock valued at $1,335,000 after buying an additional 475 shares during the period. Finally, Aviso Financial Inc. lifted its holdings in Hewlett Packard Enterprise by 0.9% in the fourth quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company’s stock valued at $1,154,000 after acquiring an additional 490 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $16.56 on Wednesday. The business’s 50-day moving average is $19.99 and its two-hundred day moving average is $20.48. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The firm has a market capitalization of $21.75 billion, a P/E ratio of 8.72, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 1 year low of $14.64 and a 1 year high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.14%. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the sale, the senior vice president now directly owns 48,615 shares in the company, valued at $1,118,145. This trade represents a 19.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on HPE shares. StockNews.com lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Wells Fargo & Company lowered their target price 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. Stifel Nicolaus boosted their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Daiwa America cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Finally, Susquehanna cut their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average price target of $21.27.

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.