Hewlett Packard Enterprise (NYSE:HPE) Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lifted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 4.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 31,052 shares of the technology company’s stock after purchasing an additional 1,370 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Hewlett Packard Enterprise were worth $635,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. RPg Family Wealth Advisory LLC acquired a new position in Hewlett Packard Enterprise in the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new position in Hewlett Packard Enterprise in the third quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. lifted its holdings in Hewlett Packard Enterprise by 571.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after acquiring an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Hewlett Packard Enterprise in the second quarter valued at approximately $28,000. Finally, Financial Management Professionals Inc. lifted its holdings in Hewlett Packard Enterprise by 80.3% in the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock valued at $29,000 after acquiring an additional 637 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Susquehanna reiterated a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their target price for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Barclays boosted their target price 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. Stifel Nicolaus boosted their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their target price for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.79.

Hewlett Packard Enterprise Stock Down 5.1 %

Hewlett Packard Enterprise stock opened at $21.92 on Wednesday. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.24. The stock’s fifty day simple moving average is $20.96 and its 200-day simple moving average is $19.95. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $28.47 billion, a P/E ratio of 11.54, a P/E/G ratio of 3.74 and a beta of 1.21.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is currently 27.37%.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Fidelma Russo sold 55,908 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $19.99, for a total value of $1,117,600.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Antonio F. Neri sold 250,000 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $20.73, for a total value of $5,182,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,508,641 shares in the company, valued at $31,274,127.93. This trade represents a 14.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 433,783 shares of company stock valued at $8,778,350. 0.40% of the stock is currently owned by company insiders.

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.