Sanctuary Advisors LLC Grows Position in Hewlett Packard Enterprise (NYSE:HPE)

Sanctuary Advisors LLC boosted its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 22.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 337,943 shares of the technology company’s stock after purchasing an additional 61,423 shares during the period. Sanctuary Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $7,469,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HPE. RPg Family Wealth Advisory LLC bought a new position in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. bought a new position in Hewlett Packard Enterprise in the 3rd quarter valued at $26,000. Ashton Thomas Private Wealth LLC bought a new position in Hewlett Packard Enterprise in the 2nd quarter valued at $28,000. Hazlett Burt & Watson Inc. increased its stake 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 worth $28,000 after purchasing an additional 1,143 shares during the period. Finally, Financial Management Professionals Inc. lifted its position in shares of Hewlett Packard Enterprise by 80.3% during the third 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 during the last quarter. Institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Stifel Nicolaus raised their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Susquehanna reaffirmed a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Barclays boosted their price target on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Finally, Loop Capital increased their price target 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. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $23.79.

Insider Transactions at Hewlett Packard Enterprise

In other 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 transaction of $5,682,125.16. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the transaction, the chief executive officer now directly owns 1,758,641 shares of the company’s stock, valued at $34,680,400.52. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 717,601 shares of company stock valued at $15,140,976. Corporate insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

HPE stock opened at $21.83 on Friday. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.24. The firm has a market cap of $28.35 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 2.64 and a beta of 1.21. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The firm has a 50-day simple moving average of $21.08 and a two-hundred day simple moving average of $20.04.

Hewlett Packard Enterprise Dividend Announcement

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

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.