Hewlett Packard Enterprise (NYSE:HPE) Shares Bought by Black Swift Group LLC

Black Swift Group LLC boosted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 92.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,250 shares of the technology company’s stock after buying an additional 55,250 shares during the quarter. Black Swift Group LLC’s holdings in Hewlett Packard Enterprise were worth $2,461,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HPE. RPg Family Wealth Advisory LLC acquired a new position in Hewlett Packard Enterprise during the third quarter worth about $25,000. Valley Wealth Managers Inc. acquired a new position in Hewlett Packard Enterprise during the third quarter worth about $26,000. Hara Capital LLC acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth about $28,000. Tandem Financial LLC acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth about $32,000. Finally, R Squared Ltd acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth about $45,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $18.89 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company has a fifty day simple moving average of $21.67 and a 200 day simple moving average of $20.75. The company has a market cap of $24.81 billion, a P/E ratio of 9.94, a P/E/G ratio of 2.03 and a beta of 1.19. Hewlett Packard Enterprise has a 1 year low of $15.77 and a 1 year high of $24.66.

Insider Activity

In other news, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were 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 trade represents a 49.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on 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 transaction, the director now directly owns 104,192 shares in the company, valued at $2,445,386.24. The trade was a 32.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 332,166 shares of company stock worth $7,300,629. 0.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

HPE has been the topic of several research reports. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Thursday, December 19th. Loop Capital increased their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. StockNews.com lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, Barclays increased their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Six research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

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.