Mystic Asset Management Inc. Invests $204,000 in Hewlett Packard Enterprise (NYSE:HPE)

Mystic Asset Management Inc. purchased a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,573 shares of the technology company’s stock, valued at approximately $204,000.

Other hedge funds also recently modified their holdings of the company. Kathmere Capital Management LLC lifted its holdings in shares of Hewlett Packard Enterprise by 87.2% during the fourth quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company’s stock worth $544,000 after purchasing an additional 11,869 shares during the period. Lebenthal Global Advisors LLC lifted its holdings in shares of Hewlett Packard Enterprise by 83.7% during the fourth quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock worth $771,000 after purchasing an additional 16,447 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Hewlett Packard Enterprise by 35.1% during the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock worth $155,142,000 after purchasing an additional 1,885,559 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Hewlett Packard Enterprise by 78.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company’s stock worth $19,545,000 after purchasing an additional 401,016 shares during the period. Finally, USA Financial Formulas acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth $617,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction dated 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Trading Up 0.7 %

NYSE:HPE opened at $15.95 on Wednesday. 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 firm has a 50-day moving average of $20.57 and a 200-day moving average of $20.55. The company has a market cap of $20.95 billion, a PE ratio of 8.39, a PEG ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a one year low of $14.64 and a one year high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is presently 25.37%.

Wall Street Analyst Weigh In

HPE has been the topic of a number of recent research reports. StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Loop Capital dropped their target price on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, March 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, December 19th. Wells Fargo & Company dropped their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. Finally, Bank of America dropped their price objective on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.27.

About Hewlett Packard Enterprise

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.