SBI Securities Co. Ltd. Makes New $460,000 Investment in Hewlett Packard Enterprise (NYSE:HPE)

SBI Securities Co. Ltd. bought a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 21,566 shares of the technology company’s stock, valued at approximately $460,000.

Several other large investors have also made changes to their positions in the business. Jones Financial Companies Lllp raised its stake in shares of Hewlett Packard Enterprise by 115.5% during the 4th quarter. Jones Financial Companies Lllp now owns 11,053 shares of the technology company’s stock worth $236,000 after buying an additional 5,924 shares during the period. SRS Capital Advisors Inc. raised its stake in shares of Hewlett Packard Enterprise by 27.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 5,390 shares of the technology company’s stock worth $115,000 after buying an additional 1,165 shares during the period. Bailard Inc. raised its stake in shares of Hewlett Packard Enterprise by 3.3% during the 4th quarter. Bailard Inc. now owns 37,293 shares of the technology company’s stock worth $796,000 after buying an additional 1,203 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Hewlett Packard Enterprise by 5.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 24,745 shares of the technology company’s stock worth $530,000 after buying an additional 1,288 shares during the period. Finally, West Michigan Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 38.8% during the 4th quarter. West Michigan Advisors LLC now owns 22,401 shares of the technology company’s stock worth $481,000 after buying an additional 6,264 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the transaction, the senior vice president now directly owns 48,615 shares in the company, valued at approximately $1,118,145. This represents a 19.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the 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 transaction, the executive vice president now owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 332,166 shares of company stock worth $7,300,629. 0.36% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HPE. Stifel Nicolaus upped their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Loop Capital increased their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. StockNews.com downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Six 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 MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Stock Down 1.0 %

Shares of HPE opened at $18.83 on Wednesday. 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 $24.74 billion, a PE ratio of 9.91, 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 $21.73 and a two-hundred day simple moving average of $20.76. 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 announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 27.37%.

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.