CIBC Private Wealth Group LLC Acquires 1,864 Shares of Hewlett Packard Enterprise (NYSE:HPE)

CIBC Private Wealth Group LLC raised its stake in Hewlett Packard Enterprise (NYSE:HPE) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,324 shares of the technology company’s stock after purchasing an additional 1,864 shares during the period. CIBC Private Wealth Group LLC’s holdings in Hewlett Packard Enterprise were worth $822,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Geode Capital Management LLC raised its holdings in Hewlett Packard Enterprise by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock valued at $642,748,000 after acquiring an additional 251,076 shares during the period. Raymond James Financial Inc. bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $292,959,000. Boston Partners lifted its holdings in Hewlett Packard Enterprise by 19.1% during the 4th quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock worth $276,075,000 after purchasing an additional 2,058,562 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Hewlett Packard Enterprise by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company’s stock valued at $208,055,000 after purchasing an additional 135,874 shares during the period. Finally, Nordea Investment Management AB grew its holdings in Hewlett Packard Enterprise by 35.1% in the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after buying an additional 1,885,559 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the transaction, the senior vice president now directly owns 48,615 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Down 6.6 %

HPE stock opened at $12.78 on Friday. The firm has a 50-day moving average price of $18.63 and a 200-day moving average price of $20.34. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $16.78 billion, a P/E ratio of 6.72, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 4.07%. Hewlett Packard Enterprise’s dividend payout ratio is currently 25.37%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HPE shares. StockNews.com cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Loop Capital cut their price objective on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a report on Monday, March 10th. Barclays lowered their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Daiwa Capital Markets cut Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target for the company. in a research note on Wednesday, March 12th. Finally, Susquehanna lowered their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Nine analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.27.

Hewlett Packard Enterprise 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.