18,272 Shares in Hewlett Packard Enterprise (NYSE:HPE) Acquired by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC bought a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,272 shares of the technology company’s stock, valued at approximately $390,000.

Several other institutional investors have also added to or reduced their stakes in HPE. Envestnet Asset Management Inc. raised its holdings in Hewlett Packard Enterprise by 28.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 535,230 shares of the technology company’s stock worth $11,331,000 after purchasing an additional 117,243 shares during the period. Blair William & Co. IL increased its position in Hewlett Packard Enterprise by 2.1% in the second quarter. Blair William & Co. IL now owns 45,975 shares of the technology company’s stock worth $973,000 after buying an additional 948 shares in the last quarter. Profund Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 6.7% in the second quarter. Profund Advisors LLC now owns 26,293 shares of the technology company’s stock worth $557,000 after buying an additional 1,649 shares during the period. ProShare Advisors LLC lifted its position in shares of Hewlett Packard Enterprise by 7.0% during the 2nd quarter. ProShare Advisors LLC now owns 242,196 shares of the technology company’s stock valued at $5,127,000 after buying an additional 15,941 shares in the last quarter. Finally, Frank Rimerman Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 21,252.1% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 15,587 shares of the technology company’s stock valued at $330,000 after acquiring an additional 15,514 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Stock Up 2.5 %

NYSE HPE opened at $23.71 on Wednesday. The stock has a 50 day moving average price of $21.87 and a 200-day moving average price of $20.33. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The company has a market capitalization 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. Shareholders of record on Friday, December 20th were given a dividend of $0.13 per share. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.19%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 27.37%.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $23.47, for a total value of $1,173,500.00. Following the transaction, the director now directly owns 104,192 shares in the company, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock valued at $7,300,629 in the last three months. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HPE. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Thursday, December 19th. Susquehanna restated a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Barclays increased their price target on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. StockNews.com downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Finally, Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

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.