Hewlett Packard Enterprise (NYSE:HPE) Stock Position Raised by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in Hewlett Packard Enterprise (NYSE:HPE) by 1.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 396,079 shares of the technology company’s stock after purchasing an additional 6,388 shares during the period. PNC Financial Services Group Inc.’s holdings in Hewlett Packard Enterprise were worth $8,456,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HPE. RPg Family Wealth Advisory LLC purchased a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at $25,000. Valley Wealth Managers Inc. purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter worth about $26,000. Hara Capital LLC purchased a new stake in Hewlett Packard Enterprise in the 4th quarter worth about $28,000. Tandem Financial LLC acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $32,000. Finally, R Squared Ltd purchased a new position in Hewlett Packard Enterprise during the 4th quarter valued at about $45,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Trading Up 2.0 %

Shares of NYSE:HPE opened at $15.38 on Wednesday. The stock has a market capitalization of $20.20 billion, a PE ratio of 8.09, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 1 year low of $14.85 and a 1 year high of $24.66. The firm has a fifty day moving average price of $21.22 and a 200 day moving average price of $20.68. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio is presently 25.37%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the sale, the senior vice president now directly owns 48,615 shares in the company, valued at $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on HPE. Stifel Nicolaus raised their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their target price for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Barclays dropped their price target on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Bank of America dropped their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.64.

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.