Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by M&T Bank Corp

M&T Bank Corp increased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,343 shares of the technology company’s stock after purchasing an additional 708 shares during the quarter. M&T Bank Corp’s holdings in Hewlett Packard Enterprise were worth $2,997,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kathmere Capital Management LLC boosted its position in shares of Hewlett Packard Enterprise by 87.2% during the 4th quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company’s stock worth $544,000 after acquiring an additional 11,869 shares in the last quarter. Lebenthal Global Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 83.7% during the 4th quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock worth $771,000 after acquiring an additional 16,447 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Hewlett Packard Enterprise by 35.1% during the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock worth $155,142,000 after acquiring an additional 1,885,559 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 78.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company’s stock worth $19,545,000 after acquiring an additional 401,016 shares in the last quarter. Finally, USA Financial Formulas acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth about $617,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Down 11.9 %

HPE opened at $15.82 on Friday. The business has a 50 day moving average price of $21.47 and a two-hundred day moving average price of $20.72. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The company has a market cap of $20.77 billion, a PE ratio of 8.32, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 52 week low of $14.93 and a 52 week high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.29%. 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 at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 48,615 shares in the company, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John F. Schultz sold 262,818 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the transaction, the executive vice president now owns 270,430 shares in the company, valued at $5,846,696.60. The trade was a 49.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 324,395 shares of company stock valued at $7,121,896 in the last ninety days. Insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HPE. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Wells Fargo & Company reduced their target price on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday. Stifel Nicolaus boosted their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday. Finally, 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. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average target price of $22.21.

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.