Bartlett & CO. Wealth Management LLC Has $315,000 Position in Hewlett Packard Enterprise (NYSE:HPE)

Bartlett & CO. Wealth Management LLC lowered its position in Hewlett Packard Enterprise (NYSE:HPE) by 12.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,643 shares of the technology company’s stock after selling 2,000 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Hewlett Packard Enterprise were worth $315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Phillips Wealth Planners LLC increased its stake in shares of Hewlett Packard Enterprise by 43.2% in the fourth quarter. Phillips Wealth Planners LLC now owns 22,266 shares of the technology company’s stock valued at $492,000 after buying an additional 6,722 shares during the period. Westside Investment Management Inc. increased its position in Hewlett Packard Enterprise by 0.8% during the 4th quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock valued at $1,335,000 after purchasing an additional 475 shares during the period. Dakota Wealth Management increased its position in Hewlett Packard Enterprise by 7.9% during the 4th quarter. Dakota Wealth Management now owns 12,646 shares of the technology company’s stock valued at $270,000 after purchasing an additional 931 shares during the period. Nisa Investment Advisors LLC increased its position in Hewlett Packard Enterprise by 78.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company’s stock valued at $19,545,000 after purchasing an additional 401,016 shares during the period. Finally, Atomi Financial Group Inc. increased its position in Hewlett Packard Enterprise by 9.9% during the 4th quarter. Atomi Financial Group Inc. now owns 14,192 shares of the technology company’s stock valued at $303,000 after purchasing an additional 1,282 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Buying and Selling

In related news, EVP John F. Schultz sold 262,818 shares of the stock in a transaction on Wednesday, December 11th. The stock was 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 directly owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $23.00, for a total value of $178,733.00. Following the completion of the sale, the senior vice president now directly owns 61,735 shares of the company’s stock, valued at $1,419,905. The trade was a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 332,166 shares of company stock worth $7,300,629 in the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

HPE has been the subject of a number of recent analyst reports. Loop Capital increased their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Barclays increased their target price on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Susquehanna restated a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Finally, Stifel Nicolaus increased their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $24.37 on Friday. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $24.66. The business’s fifty day moving average is $22.03 and its 200 day moving average is $20.41. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The stock has a market cap of $32.05 billion, a P/E ratio of 12.82, a P/E/G ratio of 2.27 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is currently 27.37%.

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.