Park Avenue Securities LLC Has $753,000 Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Park Avenue Securities LLC raised its position in Hewlett Packard Enterprise (NYSE:HPE) by 15.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,258 shares of the technology company’s stock after acquiring an additional 4,774 shares during the period. Park Avenue Securities LLC’s holdings in Hewlett Packard Enterprise were worth $753,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HPE. Marshall Wace LLP grew its position in Hewlett Packard Enterprise by 3,228.2% during the 2nd quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company’s stock worth $186,831,000 after acquiring an additional 8,560,086 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in shares of Hewlett Packard Enterprise by 3,537.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock valued at $127,571,000 after purchasing an additional 5,629,006 shares during the period. Mizuho Markets Americas LLC acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at $105,185,000. Pacer Advisors Inc. raised its stake in Hewlett Packard Enterprise by 18.1% during the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after buying an additional 4,194,213 shares during the period. Finally, Raymond James & Associates raised its stake in Hewlett Packard Enterprise by 92.5% during the 3rd quarter. Raymond James & Associates now owns 4,404,520 shares of the technology company’s stock worth $90,116,000 after buying an additional 2,116,824 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on HPE. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Loop Capital raised their price objective on 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 upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Finally, Stifel Nicolaus boosted their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $23.71 on Wednesday. The company’s 50 day moving average price is $21.87 and its two-hundred day moving average price is $20.33. 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 52 week low of $14.47 and a 52 week high of $24.24. The stock has a market cap of $31.19 billion, a P/E ratio of 12.48, a P/E/G ratio of 2.15 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.19%. Hewlett Packard Enterprise’s dividend payout ratio is 27.37%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,771 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $23.00, for a total value of $178,733.00. Following the completion of the sale, the senior vice president now directly owns 61,735 shares of the company’s stock, valued at $1,419,905. The trade was a 11.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John F. Schultz sold 262,818 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the sale, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 332,166 shares of company stock worth $7,300,629. Corporate insiders own 0.40% of the company’s stock.

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.