Kesler Norman & Wride LLC Has $772,000 Stake in Hewlett Packard Enterprise (NYSE:HPE)

Kesler Norman & Wride LLC lifted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 71.3% during the 4th quarter, Holdings Channel reports. The firm owned 36,183 shares of the technology company’s stock after purchasing an additional 15,061 shares during the period. Kesler Norman & Wride LLC’s holdings in Hewlett Packard Enterprise were worth $772,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HPE. Hara Capital LLC acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at $28,000. Tandem Financial LLC acquired a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $32,000. R Squared Ltd bought a new stake in Hewlett Packard Enterprise during the fourth quarter worth about $45,000. Tompkins Financial Corp grew its stake in Hewlett Packard Enterprise by 397.9% during the fourth quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company’s stock worth $61,000 after buying an additional 2,300 shares in the last quarter. Finally, Intact Investment Management Inc. bought a new position in Hewlett Packard Enterprise in the 4th quarter valued at about $68,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their target price for the stock from $23.00 to $26.00 in a research note on Friday, December 6th. Daiwa America downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Susquehanna lowered their price objective on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Loop Capital cut their target price on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. Finally, Wells Fargo & Company lowered their price target on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday, March 7th. Nine 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.27.

Hewlett Packard Enterprise Trading Up 3.2 %

HPE opened at $16.14 on Thursday. The company has a fifty day moving average price of $19.07 and a two-hundred day moving average price of $20.41. Hewlett Packard Enterprise has a 1-year low of $14.64 and a 1-year high of $24.66. The company has a market cap of $21.20 billion, a P/E ratio of 8.49, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared 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. This represents a $0.52 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 25.37%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction 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 directly owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

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.