CENTRAL TRUST Co Purchases 1,681 Shares of Hewlett Packard Enterprise (NYSE:HPE)

CENTRAL TRUST Co increased its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 17.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,404 shares of the technology company’s stock after purchasing an additional 1,681 shares during the period. CENTRAL TRUST Co’s holdings in Hewlett Packard Enterprise were worth $243,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at $26,000. Financial Management Professionals Inc. boosted its stake in 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 valued at $29,000 after buying an additional 637 shares in the last quarter. Rise Advisors LLC boosted its stake in Hewlett Packard Enterprise by 45.5% in the 3rd 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 in the last quarter. Finally, R Squared Ltd acquired a new stake in Hewlett Packard Enterprise in the 4th quarter valued at $45,000. 80.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the stock in a transaction dated Monday, December 9th. The stock was 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 in the company, valued at $2,445,386.24. This represents a 32.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John F. Schultz sold 262,818 shares of the stock in a transaction dated 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 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. Over the last quarter, insiders have sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on HPE shares. Loop Capital boosted their price target on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Thursday, December 19th. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $23.00 to $26.00 in a research note on Friday, December 6th. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $23.00 to $28.00 in a research note on Thursday, December 5th. Finally, StockNews.com raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Trading Up 1.8 %

HPE stock opened at $20.83 on Wednesday. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.66. The business has a fifty day moving average of $22.07 and a 200-day moving average of $20.44. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The company has a market cap of $27.40 billion, a P/E ratio of 10.96, a PEG ratio of 1.97 and a beta of 1.19.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s payout ratio 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.