CFC Planning Co LLC Invests $460,000 in Hewlett Packard Enterprise (NYSE:HPE)

CFC Planning Co LLC purchased a new position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 21,525 shares of the technology company's stock, valued at approximately $460,000.

A number of other institutional investors have also recently made changes to their positions in HPE. RPg Family Wealth Advisory LLC purchased a new position in Hewlett Packard Enterprise during the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new position in shares of Hewlett Packard Enterprise in the third quarter worth about $26,000. Financial Management Professionals Inc. increased its stake in shares of Hewlett Packard Enterprise by 80.3% during the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock worth $29,000 after purchasing an additional 637 shares in the last quarter. Tandem Financial LLC purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth about $32,000. Finally, R Squared Ltd purchased a new stake in Hewlett Packard Enterprise during the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Analysts Set New Price Targets

HPE has been the topic of several recent analyst reports. Citigroup upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price objective for the company in a report on Thursday, December 19th. Raymond James upgraded shares of 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 report on Monday, November 18th. Barclays raised their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Finally, Loop Capital boosted 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 note on Monday, December 9th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of "Moderate Buy" and an average target price of $24.00.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the firm's stock in a transaction 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 sale, the director now owns 104,192 shares of the company's stock, valued at approximately $2,445,386.24. This trade represents a 32.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 7,771 shares of the firm's 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 sale, the senior vice president now directly owns 61,735 shares in the company, valued at approximately $1,419,905. This trade represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock valued at $7,300,629 over the last three months. Company insiders own 0.40% of the company's stock.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock traded up $0.06 on Tuesday, reaching $21.77. The company's stock had a trading volume of 11,683,935 shares, compared to its average volume of 14,741,315. The company has a market cap of $28.63 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 1.98 and a beta of 1.19. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.66. 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 business's fifty day moving average price is $21.97 and its 200 day moving average price is $20.54.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders 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 annualized dividend and a dividend yield of 2.39%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 27.37%.

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.