HB Wealth Management LLC Increases Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

HB Wealth Management LLC boosted its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 1.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,560 shares of the technology company’s stock after acquiring an additional 1,516 shares during the quarter. HB Wealth Management LLC’s holdings in Hewlett Packard Enterprise were worth $1,912,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HPE. RPg Family Wealth Advisory LLC purchased a new position in Hewlett Packard Enterprise during the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $26,000. Financial Management Professionals Inc. boosted its stake in shares of 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 during the period. Rise Advisors LLC boosted its stake in shares of 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 during the period. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $48,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Trading Down 1.1 %

Shares of HPE stock opened at $23.16 on Monday. The business’s 50 day moving average is $21.85 and its two-hundred day moving average is $20.32. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.24. The company has a market capitalization of $30.46 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 2.05 and a beta of 1.20. 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 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 $0.13 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.25%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 27.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 7,771 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the sale, the senior vice president now directly owns 61,735 shares in the company, valued at $1,419,905. The trade was a 11.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 270,430 shares in the company, valued at approximately $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. In the last ninety days, insiders have sold 332,166 shares of company stock worth $7,300,629. 0.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HPE. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $23.00 to $29.00 in a research note on Monday, November 18th. StockNews.com lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their target price for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Loop Capital raised their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, Barclays raised their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise presently 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.