Summit Trail Advisors LLC Sells 2,318 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Summit Trail Advisors LLC trimmed its position in Hewlett Packard Enterprise (NYSE:HPE) by 11.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,244 shares of the technology company’s stock after selling 2,318 shares during the period. Summit Trail Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $371,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of HPE. Exchange Traded Concepts LLC lifted its position in Hewlett Packard Enterprise by 381.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 12,840 shares of the technology company’s stock worth $263,000 after buying an additional 10,171 shares in the last quarter. Creative Planning increased its holdings in Hewlett Packard Enterprise by 3.2% during the third quarter. Creative Planning now owns 197,019 shares of the technology company’s stock worth $4,031,000 after buying an additional 6,098 shares during the last quarter. NBC Securities Inc. raised its position in Hewlett Packard Enterprise by 510.2% during the third quarter. NBC Securities Inc. now owns 15,201 shares of the technology company’s stock worth $311,000 after acquiring an additional 12,710 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in Hewlett Packard Enterprise by 7.0% in the third quarter. Vontobel Holding Ltd. now owns 1,538,862 shares of the technology company’s stock valued at $31,485,000 after acquiring an additional 100,585 shares during the last quarter. Finally, Transform Wealth LLC grew its position in shares of Hewlett Packard Enterprise by 82.9% in the 3rd quarter. Transform Wealth LLC now owns 140,696 shares of the technology company’s stock valued at $2,897,000 after acquiring an additional 63,753 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $21.10 on Thursday. The company has a market cap of $27.75 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 1.98 and a beta of 1.19. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.66. 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 stock has a fifty day moving average price of $22.06 and a 200-day moving average price of $20.48.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.46%. Hewlett Packard Enterprise’s payout ratio is 27.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, EVP John F. Schultz sold 262,818 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value of $5,682,125.16. Following the sale, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the transaction, the director now directly owns 104,192 shares of the company’s stock, valued at $2,445,386.24. This represents a 32.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 332,166 shares of company stock valued at $7,300,629 in the last ninety days. 0.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $23.00 to $28.00 in a report on Thursday, December 5th. Stifel Nicolaus upped their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Loop Capital lifted their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. StockNews.com cut Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $24.00.

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.