38,651 Shares in Hewlett Packard Enterprise (NYSE:HPE) Purchased by Allstate Corp

Allstate Corp acquired a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 38,651 shares of the technology company’s stock, valued at approximately $825,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Level Four Advisory Services LLC boosted its position in shares of Hewlett Packard Enterprise by 13.2% in the 4th quarter. Level Four Advisory Services LLC now owns 31,438 shares of the technology company’s stock worth $671,000 after purchasing an additional 3,672 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Hewlett Packard Enterprise by 10.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 793,820 shares of the technology company’s stock worth $16,948,000 after acquiring an additional 73,550 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Hewlett Packard Enterprise by 0.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 416,960 shares of the technology company’s stock valued at $8,902,000 after acquiring an additional 2,475 shares in the last quarter. Providence Capital Advisors LLC raised its position in shares of Hewlett Packard Enterprise by 0.8% in the 4th quarter. Providence Capital Advisors LLC now owns 305,900 shares of the technology company’s stock worth $6,531,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Norges Bank bought a new position in Hewlett Packard Enterprise in the 4th quarter worth about $119,067,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE opened at $15.51 on Tuesday. Hewlett Packard Enterprise has a 12-month low of $14.64 and a 12-month high of $24.66. The firm has a market capitalization of $20.37 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. 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 firm has a 50 day moving average of $19.40 and a 200 day moving average of $20.45.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be paid a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.35%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 25.37%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HPE shares. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Thursday, December 19th. Susquehanna decreased their price objective on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Morgan Stanley lowered their price objective on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Barclays reduced their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Finally, Stifel Nicolaus increased their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and a consensus target price of $21.27.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the sale, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. This represents a 19.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.36% of the stock is owned by insiders.

Hewlett Packard Enterprise Company 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.