Generali Investments CEE investicni spolecnost a.s. Makes New $4.74 Million Investment in Hewlett Packard Enterprise (NYSE:HPE)

Generali Investments CEE investicni spolecnost a.s. bought a new position in Hewlett Packard Enterprise (NYSE:HPE) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 222,000 shares of the technology company’s stock, valued at approximately $4,740,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HPE. Stephens Inc. AR boosted its stake in shares of Hewlett Packard Enterprise by 12.3% in the 3rd quarter. Stephens Inc. AR now owns 17,998 shares of the technology company’s stock worth $368,000 after buying an additional 1,972 shares during the last quarter. Maia Wealth LLC purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth approximately $123,000. Concurrent Investment Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 148.1% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 76,745 shares of the technology company’s stock worth $1,570,000 after buying an additional 45,807 shares during the last quarter. Graypoint LLC lifted its stake in Hewlett Packard Enterprise by 18.0% in the third quarter. Graypoint LLC now owns 35,359 shares of the technology company’s stock valued at $723,000 after purchasing an additional 5,406 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Hewlett Packard Enterprise by 4.6% in the third quarter. Principal Financial Group Inc. now owns 1,561,022 shares of the technology company’s stock valued at $31,939,000 after purchasing an additional 68,892 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $15.82 on Friday. The company has a 50-day simple moving average of $21.47 and a two-hundred day simple moving average of $20.71. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 12-month low of $14.93 and a 12-month high of $24.66. The firm has a market cap of $20.77 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 2.03 and a beta of 1.19.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.29%. Hewlett Packard Enterprise’s payout ratio is 27.37%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HPE shares. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Thursday, December 19th. 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 report on Friday, December 6th. Wells Fargo & Company decreased their price target on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday. 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 report on Monday, December 9th. Finally, Bank of America reduced their target price on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $22.21.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the company’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 sale, the executive vice president now owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 324,395 shares of company stock worth $7,121,896 over the last three months. Company 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.