Hewlett Packard Enterprise (NYSE:HPE) Stock Position Lifted by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its position in Hewlett Packard Enterprise (NYSE:HPE) by 15.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 388,304 shares of the technology company’s stock after acquiring an additional 51,188 shares during the quarter. QRG Capital Management Inc.’s holdings in Hewlett Packard Enterprise were worth $8,290,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in Hewlett Packard Enterprise during the fourth quarter valued at $3,598,000. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Hewlett Packard Enterprise by 1.7% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 506,800 shares of the technology company’s stock valued at $10,820,000 after buying an additional 8,500 shares during the period. SRN Advisors LLC grew its position in shares of Hewlett Packard Enterprise by 54.1% during the 4th quarter. SRN Advisors LLC now owns 59,801 shares of the technology company’s stock valued at $1,277,000 after buying an additional 21,000 shares during the last quarter. NewEdge Wealth LLC raised its stake in Hewlett Packard Enterprise by 9.9% during the fourth quarter. NewEdge Wealth LLC now owns 135,858 shares of the technology company’s stock worth $2,901,000 after acquiring an additional 12,253 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its holdings in Hewlett Packard Enterprise by 3.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 949,507 shares of the technology company’s stock worth $20,272,000 after acquiring an additional 33,304 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HPE. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their target price for the company from $23.00 to $26.00 in a report on Friday, December 6th. Stifel Nicolaus upped their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Barclays raised their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Loop Capital upped their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $19.84 on Friday. The stock has a market cap of $26.05 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 2.03 and a beta of 1.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.66. The stock’s 50 day moving average price is $21.88 and its 200 day moving average price is $20.70.

Hewlett Packard Enterprise Dividend Announcement

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. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.62%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.37%.

Insider Activity at Hewlett Packard Enterprise

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 transaction of $5,682,125.16. Following the completion of the transaction, the executive vice president now owns 270,430 shares in the company, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 completion of the transaction, the director now directly owns 104,192 shares in the company, valued at $2,445,386.24. This represents a 32.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock valued at $7,300,629 over the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

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.