Impact Partnership Wealth LLC Has $673,000 Position in Hewlett Packard Enterprise (NYSE:HPE)

Impact Partnership Wealth LLC trimmed its position in Hewlett Packard Enterprise (NYSE:HPE) by 47.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,520 shares of the technology company’s stock after selling 28,697 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Hewlett Packard Enterprise were worth $673,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. grew its holdings in Hewlett Packard Enterprise by 28.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 535,230 shares of the technology company’s stock valued at $11,331,000 after buying an additional 117,243 shares in the last quarter. Profund Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 6.7% in the second quarter. Profund Advisors LLC now owns 26,293 shares of the technology company’s stock valued at $557,000 after acquiring an additional 1,649 shares during the period. ProShare Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 7.0% in the second quarter. ProShare Advisors LLC now owns 242,196 shares of the technology company’s stock valued at $5,127,000 after acquiring an additional 15,941 shares in the last quarter. Public Sector Pension Investment Board increased its position in Hewlett Packard Enterprise by 89.7% during the second quarter. Public Sector Pension Investment Board now owns 49,955 shares of the technology company’s stock worth $1,058,000 after acquiring an additional 23,627 shares during the period. Finally, Evergreen Capital Management LLC raised its stake in Hewlett Packard Enterprise by 6.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 22,339 shares of the technology company’s stock worth $476,000 after purchasing an additional 1,315 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on HPE. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $23.00 to $26.00 in a research note on Friday, December 6th. StockNews.com cut Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Loop Capital boosted their price objective 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, Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Thursday, December 19th. Six 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $24.34 on Friday. 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 firm’s 50-day simple moving average is $21.97 and its 200 day simple moving average is $20.38. The stock has a market cap of $32.02 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 2.27 and a beta of 1.20. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared 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 of this dividend was Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.14%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 27.37%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 104,192 shares of the company’s stock, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John F. Schultz sold 262,818 shares of the business’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 completion of the sale, the executive vice president now owns 270,430 shares in the company, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is owned by insiders.

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.