Hewlett Packard Enterprise (NYSE:HPE) Stock Position Increased by First Dallas Securities Inc.

First Dallas Securities Inc. boosted its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 119.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,759 shares of the technology company’s stock after buying an additional 16,754 shares during the quarter. First Dallas Securities Inc.’s holdings in Hewlett Packard Enterprise were worth $657,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HPE. Kathmere Capital Management LLC raised its holdings in shares of Hewlett Packard Enterprise by 87.2% during the fourth quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company’s stock valued at $544,000 after acquiring an additional 11,869 shares during the period. Lebenthal Global Advisors LLC grew its holdings in shares of Hewlett Packard Enterprise by 83.7% during the 4th quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock valued at $771,000 after acquiring an additional 16,447 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Hewlett Packard Enterprise by 35.1% in the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock worth $155,142,000 after acquiring an additional 1,885,559 shares during the last quarter. Moloney Securities Asset Management LLC acquired a new stake in Hewlett Packard Enterprise during the third quarter valued at $861,000. Finally, CHICAGO TRUST Co NA grew its stake in Hewlett Packard Enterprise by 67.8% in the third quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock valued at $1,858,000 after purchasing an additional 36,704 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $20.46 on Tuesday. The firm’s 50 day simple moving average is $22.10 and its 200 day simple moving average is $20.44. 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 has a 1-year low of $14.47 and a 1-year high of $24.66. The firm has a market capitalization of $26.92 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 1.97 and a beta of 1.19.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were given a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.54%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 27.37%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HPE. StockNews.com raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Stifel Nicolaus boosted their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. Susquehanna reaffirmed a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Finally, Barclays raised 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 note on Friday, December 6th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Insider Activity at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $23.00, for a total value of $178,733.00. Following the transaction, the senior vice president now owns 61,735 shares of the company’s stock, valued at $1,419,905. This represents a 11.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John F. Schultz sold 262,818 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the transaction, the executive vice president now owns 270,430 shares of the company’s stock, valued at $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 quarter, insiders sold 332,166 shares of company stock valued at $7,300,629. Company insiders own 0.40% 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.