Hewlett Packard Enterprise (NYSE:HPE) Stock Holdings Increased by Torray Investment Partners LLC

Torray Investment Partners LLC raised its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 285.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 710,532 shares of the technology company’s stock after buying an additional 525,976 shares during the period. Hewlett Packard Enterprise comprises approximately 2.2% of Torray Investment Partners LLC’s investment portfolio, making the stock its 17th biggest position. Torray Investment Partners LLC owned approximately 0.05% of Hewlett Packard Enterprise worth $15,170,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock worth $642,748,000 after acquiring an additional 251,076 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Hewlett Packard Enterprise by 18.1% in the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock valued at $560,274,000 after purchasing an additional 4,194,213 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Hewlett Packard Enterprise by 6.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company’s stock worth $321,149,000 after purchasing an additional 921,624 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Hewlett Packard Enterprise by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company’s stock worth $208,055,000 after buying an additional 135,874 shares during the period. Finally, Nordea Investment Management AB lifted its stake in 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 valued at $155,142,000 after buying an additional 1,885,559 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the company’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 transaction of $5,682,125.16. Following the completion of the sale, the executive vice president now owns 270,430 shares of the company’s stock, valued at $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the completion of 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 have sold 332,166 shares of company stock valued at $7,300,629 over the last three months. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $19.04 on Tuesday. The company has a 50 day moving average price of $21.79 and a two-hundred day moving average price of $20.76. Hewlett Packard Enterprise has a 12-month low of $15.76 and a 12-month high of $24.66. The stock has a market capitalization of $25.01 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.37%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HPE. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Loop Capital raised 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. Barclays upped their price target on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Stifel Nicolaus raised their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. 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 stock 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.