Institute for Wealth Management LLC. Has $319,000 Stake in Hewlett Packard Enterprise (NYSE:HPE)

Institute for Wealth Management LLC. lifted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 19.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,956 shares of the technology company’s stock after buying an additional 2,434 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Hewlett Packard Enterprise were worth $319,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Kathmere Capital Management LLC grew 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 buying an additional 11,869 shares during the period. Lebenthal Global Advisors LLC grew 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 buying an additional 16,447 shares during the period. Nordea Investment Management AB boosted its stake in 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 during the last quarter. Moloney Securities Asset Management LLC bought a new position in Hewlett Packard Enterprise during the 3rd quarter worth approximately $861,000. Finally, CHICAGO TRUST Co NA boosted its stake in Hewlett Packard Enterprise by 67.8% during the 3rd quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock worth $1,858,000 after acquiring an additional 36,704 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on HPE shares. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $23.00 to $28.00 in a research note on Thursday, December 5th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $23.00 to $26.00 in a research note on Friday, December 6th. StockNews.com raised shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Loop Capital lifted their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP John F. Schultz sold 262,818 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the transaction, the executive vice president now directly owns 270,430 shares in the company, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the transaction, the senior vice president now owns 61,735 shares in the company, valued at approximately $1,419,905. The trade was a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 332,166 shares of company stock valued at $7,300,629 over the last 90 days. 0.40% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $21.17 on Friday. The company’s fifty day simple moving average is $22.12 and its 200-day simple moving average is $20.45. 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 firm has a market cap of $27.85 billion, a PE ratio of 11.14, a P/E/G ratio of 2.01 and a beta of 1.20. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.37%.

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.