Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC boosted its stake in Hewlett Packard Enterprise (NYSE:HPE) by 10.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,215 shares of the technology company’s stock after acquiring an additional 10,282 shares during the period. AlphaStar Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $2,225,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in Hewlett Packard Enterprise by 82.2% in the 3rd quarter. GAMMA Investing LLC now owns 9,875 shares of the technology company’s stock valued at $202,000 after acquiring an additional 4,454 shares during the period. Atomi Financial Group Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 5.2% in the 3rd quarter. Atomi Financial Group Inc. now owns 12,910 shares of the technology company’s stock valued at $264,000 after buying an additional 636 shares during the period. CWM LLC boosted its stake in shares of Hewlett Packard Enterprise by 145.3% in the third quarter. CWM LLC now owns 152,041 shares of the technology company’s stock valued at $3,111,000 after buying an additional 90,062 shares in the last quarter. Perpetual Ltd acquired a new position in Hewlett Packard Enterprise during the third quarter worth $739,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Hewlett Packard Enterprise by 510.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 13,990 shares of the technology company’s stock valued at $288,000 after acquiring an additional 11,700 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 Hewlett Packard Enterprise news, 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were 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 of the company’s stock, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 332,166 shares of company stock worth $7,300,629 over the last quarter. 0.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price target for the stock from $23.00 to $26.00 in a research note on Friday, December 6th. Loop Capital increased their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a report on Monday, December 9th. 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 research note on Thursday, December 5th. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $24.00.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $21.27 on Friday. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $24.66. The company’s 50 day simple moving average is $22.06 and its 200 day simple moving average is $20.46. The company has a market capitalization of $27.97 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 1.98 and a beta of 1.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.45%. 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.