M&T Bank Corp Trims Position in Hewlett Packard Enterprise (NYSE:HPE)

M&T Bank Corp trimmed its position in Hewlett Packard Enterprise (NYSE:HPE) by 8.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 139,635 shares of the technology company’s stock after selling 13,401 shares during the period. M&T Bank Corp’s holdings in Hewlett Packard Enterprise were worth $2,857,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Hewlett Packard Enterprise in the third quarter worth approximately $25,000. Valley Wealth Managers Inc. bought a new position in Hewlett Packard Enterprise in the third quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth $28,000. Hazlett Burt & Watson Inc. grew its position in shares of Hewlett Packard Enterprise by 571.5% during the 2nd 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 period. Finally, Financial Management Professionals Inc. increased its stake in shares of Hewlett Packard Enterprise by 80.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after purchasing an additional 637 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on HPE shares. Stifel Nicolaus boosted 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. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Loop Capital raised their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Susquehanna reiterated a “neutral” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Finally, UBS Group increased their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.79.

Insider Activity

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 sale, the executive vice president now directly owns 270,430 shares in the company, 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 SEC, which is available at this link. Also, Director Gary M. Reiner sold 50,000 shares of the firm’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 completion of the sale, the director now directly owns 104,192 shares of the company’s stock, valued at $2,445,386.24. The trade was a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 717,601 shares of company stock worth $15,140,976. 0.40% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $21.83 on Friday. The stock’s 50-day moving average price is $21.08 and its 200-day moving average price is $20.03. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $24.24. The stock has a market capitalization of $28.34 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 2.64 and a beta of 1.21. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.38%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.37%.

Hewlett Packard Enterprise 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.