Bryn Mawr Capital Management LLC Sells 7,215 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Bryn Mawr Capital Management LLC lowered its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 136,131 shares of the technology company’s stock after selling 7,215 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $2,906,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Illinois Municipal Retirement Fund lifted its stake in shares of Hewlett Packard Enterprise by 3.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 949,507 shares of the technology company’s stock worth $20,272,000 after purchasing an additional 33,304 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in Hewlett Packard Enterprise by 145.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 77,042 shares of the technology company’s stock worth $1,645,000 after purchasing an additional 45,605 shares in the last quarter. Quartz Partners LLC lifted its position in shares of Hewlett Packard Enterprise by 4.0% during the fourth quarter. Quartz Partners LLC now owns 32,478 shares of the technology company’s stock valued at $693,000 after buying an additional 1,257 shares during the last quarter. Holistic Financial Partners bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $264,000. Finally, WealthShield Partners LLC purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $1,143,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $20.36 on Thursday. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.66. 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 has a market cap of $26.73 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. The company’s 50 day moving average is $21.90 and its 200 day moving average is $20.70.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.55%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 27.37%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $23.00 to $29.00 in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Thursday, December 19th. Loop Capital upped their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, Barclays raised their price target on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.00.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the sale, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of the transaction, the director now directly owns 104,192 shares of the company’s stock, valued at $2,445,386.24. The trade was a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock worth $7,300,629 over the last three months. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise 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.