Atria Investments Inc Purchases 4,864 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Atria Investments Inc increased its position in Hewlett Packard Enterprise (NYSE:HPE) by 24.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,843 shares of the technology company’s stock after buying an additional 4,864 shares during the quarter. Atria Investments Inc’s holdings in Hewlett Packard Enterprise were worth $530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Eagle Asset Management Inc. increased its stake in 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 worth $127,571,000 after purchasing an additional 5,629,006 shares during the period. Mizuho Markets Americas LLC purchased a new position in Hewlett Packard Enterprise in the 3rd quarter worth approximately $105,185,000. Pacer Advisors Inc. increased its stake in Hewlett Packard Enterprise by 18.1% in the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after purchasing an additional 4,194,213 shares during the period. Nordea Investment Management AB increased its stake 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 worth $155,142,000 after purchasing an additional 1,885,559 shares during the period. Finally, National Bank of Canada FI increased its stake in Hewlett Packard Enterprise by 61.6% in the 3rd quarter. National Bank of Canada FI now owns 3,504,681 shares of the technology company’s stock worth $71,706,000 after purchasing an additional 1,335,318 shares during the period. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 6.2 %

Shares of NYSE:HPE opened at $15.68 on Friday. The company has a market cap of $20.60 billion, a P/E ratio of 8.25, a PEG ratio of 2.03 and a beta of 1.20. 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 1 year low of $14.64 and a 1 year high of $24.66. The stock’s fifty day moving average price is $20.84 and its 200-day moving average price is $20.59.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HPE shares. StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Wells Fargo & Company reduced their target price on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Morgan Stanley reduced their target price on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Finally, Daiwa Capital Markets cut Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research note on Wednesday. Nine investment 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.27.

Insider Activity

In related news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction on Monday, January 6th. The stock was 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 owns 48,615 shares in the company, valued at approximately $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 can be accessed through the SEC website. Corporate insiders own 0.36% 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.