First Dallas Securities Inc. Purchases 16,754 Shares of Hewlett Packard Enterprise (NYSE:HPE)

First Dallas Securities Inc. lifted its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 119.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,759 shares of the technology company’s stock after buying an additional 16,754 shares during the period. First Dallas Securities Inc.’s holdings in Hewlett Packard Enterprise were worth $657,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new position in shares of Hewlett Packard Enterprise in the third quarter worth $25,000. Valley Wealth Managers Inc. purchased a new position in shares of Hewlett Packard Enterprise in the third quarter valued at about $26,000. Financial Management Professionals Inc. boosted its stake in shares of Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock valued at $29,000 after purchasing an additional 637 shares in the last quarter. Rise Advisors LLC grew its position in shares of Hewlett Packard Enterprise by 45.5% in the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock worth $41,000 after buying an additional 625 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $45,000. 80.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Loop Capital boosted their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. StockNews.com raised shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Barclays raised their target price on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Stifel Nicolaus increased their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Raymond James raised 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 report on Monday, November 18th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Stock Down 3.4 %

HPE opened at $20.46 on Tuesday. The business has a 50 day simple moving average of $22.10 and a 200-day simple moving average of $20.44. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The stock has a market capitalization of $26.92 billion, a P/E ratio of 10.77, a P/E/G ratio of 1.97 and a beta of 1.19. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The company 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 2.54%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.37%.

Insiders Place Their Bets

In related news, EVP John F. Schultz sold 262,818 shares of the business’s stock in a transaction dated 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 approximately $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction on Monday, January 6th. The shares were 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 $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 332,166 shares of company stock valued at $7,300,629. Company insiders own 0.40% of the company’s stock.

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.