Clifford Swan Investment Counsel LLC Has $15.41 Million Position in Hewlett Packard Enterprise (NYSE:HPE)

Clifford Swan Investment Counsel LLC reduced its stake in Hewlett Packard Enterprise (NYSE:HPE) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 721,558 shares of the technology company’s stock after selling 35,100 shares during the period. Clifford Swan Investment Counsel LLC owned 0.05% of Hewlett Packard Enterprise worth $15,405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HPE. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Hewlett Packard Enterprise by 56.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 140,803 shares of the technology company’s stock valued at $2,881,000 after purchasing an additional 50,855 shares during the last quarter. First Trust Direct Indexing L.P. grew its stake in shares of Hewlett Packard Enterprise by 2.5% in the third quarter. First Trust Direct Indexing L.P. now owns 43,008 shares of the technology company’s stock valued at $880,000 after acquiring an additional 1,065 shares in the last quarter. Stephens Inc. AR grew its stake in shares of Hewlett Packard Enterprise by 12.3% in the third quarter. Stephens Inc. AR now owns 17,998 shares of the technology company’s stock valued at $368,000 after acquiring an additional 1,972 shares in the last quarter. Phillips Wealth Planners LLC acquired a new position in shares of Hewlett Packard Enterprise in the third quarter valued at about $325,000. Finally, Roman Butler Fullerton & Co. acquired a new position in shares of Hewlett Packard Enterprise in the third quarter valued at about $213,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on HPE shares. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Barclays upped their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Loop Capital upped their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Finally, Stifel Nicolaus upped their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Six equities research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Hewlett Packard Enterprise Stock Down 0.1 %

HPE stock opened at $19.82 on Friday. The stock has a market capitalization of $26.03 billion, a P/E ratio of 10.43, a price-to-earnings-growth 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. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.66. The firm has a 50-day moving average price of $21.84 and a 200-day moving average price of $20.74.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.62%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 27.37%.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now owns 104,192 shares of the company’s stock, valued at $2,445,386.24. This represents a 32.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were 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 represents a 19.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 332,166 shares of company stock valued at $7,300,629. 0.36% of the stock is currently owned by insiders.

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.