Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC grew its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,560 shares of the technology company’s stock after acquiring an additional 1,516 shares during the quarter. HB Wealth Management LLC’s holdings in Hewlett Packard Enterprise were worth $1,912,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Hewlett Packard Enterprise during the third quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new stake in Hewlett Packard Enterprise in the third quarter valued at approximately $26,000. Financial Management Professionals Inc. boosted its position 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 buying an additional 637 shares during the last quarter. Rise Advisors LLC boosted its position in Hewlett Packard Enterprise by 45.5% in the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock valued at $41,000 after buying an additional 625 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in Hewlett Packard Enterprise in the third quarter valued at approximately $48,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the completion of the transaction, the senior vice president now directly owns 61,735 shares of the company’s stock, valued at approximately $1,419,905. This represents a 11.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the completion of the sale, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HPE. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their target price for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Barclays upped 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 upped 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. Loop Capital upped their price objective 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. Finally, Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Hewlett Packard Enterprise Trading Down 1.1 %

Shares of HPE stock opened at $23.16 on Monday. The stock has a 50 day simple moving average of $21.85 and a 200-day simple moving average of $20.32. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.24. 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 company has a market cap of $30.46 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 2.05 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is currently 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.