WealthShield Partners LLC Acquires Shares of 53,217 Hewlett Packard Enterprise (NYSE:HPE)

WealthShield Partners LLC acquired a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 53,217 shares of the technology company’s stock, valued at approximately $1,143,000.

Other large investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in Hewlett Packard Enterprise during the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. bought a new position in Hewlett Packard Enterprise during the 3rd quarter valued at $26,000. Hara Capital LLC bought a new position in Hewlett Packard Enterprise during the 4th quarter valued at $28,000. Financial Management Professionals Inc. raised its holdings 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 period. Finally, Tandem Financial LLC acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $32,000. 80.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the completion of the transaction, the director now owns 104,192 shares in the company, valued at approximately $2,445,386.24. This trade represents a 32.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the transaction, the executive vice president now owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 332,166 shares of company stock valued at $7,300,629. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Down 1.9 %

Hewlett Packard Enterprise stock opened at $20.75 on Tuesday. The stock has a market cap of $27.25 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 2.03 and a beta of 1.19. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average price is $21.93 and its two-hundred day moving average price is $20.69. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

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 dividend of $0.13 per share. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.51%. Hewlett Packard Enterprise’s payout ratio is 27.37%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, December 19th. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $23.00 to $29.00 in a report on Monday, November 18th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. Finally, Stifel Nicolaus increased their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Six investment 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. Based on data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Hewlett Packard Enterprise Company 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.