Janney Montgomery Scott LLC Acquires 69,686 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Janney Montgomery Scott LLC increased its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 35.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 265,534 shares of the technology company’s stock after buying an additional 69,686 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Hewlett Packard Enterprise were worth $5,669,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC purchased a new position in shares of Hewlett Packard Enterprise during the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new position in shares of Hewlett Packard Enterprise during the 3rd quarter valued at about $26,000. Financial Management Professionals Inc. lifted its position in shares of Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock valued at $29,000 after buying an additional 637 shares in the last quarter. Rise Advisors LLC lifted its position in shares of Hewlett Packard Enterprise by 45.5% during the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock valued at $41,000 after buying an additional 625 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Hewlett Packard Enterprise during the 3rd quarter valued at about $48,000. 80.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HPE. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. StockNews.com raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Stifel Nicolaus boosted their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Finally, Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $23.00 to $29.00 in a report on Monday, November 18th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Insider Activity

In related news, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the sale, the director now directly owns 104,192 shares of the company’s stock, valued at $2,445,386.24. This trade represents a 32.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 270,430 shares in the company, valued at approximately $5,846,696.60. This trade represents 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. Company insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Up 1.0 %

Shares of HPE stock opened at $21.68 on Thursday. The stock’s 50-day simple moving average is $22.12 and its 200-day simple moving average is $20.44. 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 firm has a market capitalization of $28.51 billion, a PE ratio of 11.41, a P/E/G ratio of 2.27 and a beta of 1.20. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is presently 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.