Chevy Chase Trust Holdings LLC Decreases Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Chevy Chase Trust Holdings LLC cut its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 683,483 shares of the technology company's stock after selling 15,346 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Hewlett Packard Enterprise worth $14,592,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mather Group LLC. grew its holdings in Hewlett Packard Enterprise by 6.2% during the 4th quarter. Mather Group LLC. now owns 7,557 shares of the technology company's stock worth $161,000 after acquiring an additional 440 shares during the last quarter. Lakewood Asset Management LLC lifted its position in shares of Hewlett Packard Enterprise by 0.4% in the 4th quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company's stock worth $2,242,000 after purchasing an additional 457 shares during the period. Essex Financial Services Inc. lifted its position in shares of Hewlett Packard Enterprise by 3.6% in the 4th quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company's stock worth $286,000 after purchasing an additional 461 shares during the period. Westside Investment Management Inc. lifted its position in shares of Hewlett Packard Enterprise by 0.8% in the 4th quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company's stock worth $1,335,000 after purchasing an additional 475 shares during the period. Finally, True Link Financial Advisors LLC lifted its position in shares of Hewlett Packard Enterprise by 4.3% in the 4th quarter. True Link Financial Advisors LLC now owns 13,546 shares of the technology company's stock worth $289,000 after purchasing an additional 560 shares during the period. 80.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Citigroup upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Loop Capital boosted their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a "hold" rating in a research report on Monday, December 9th. Barclays boosted their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. Finally, StockNews.com lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $24.00.

Hewlett Packard Enterprise Stock Down 0.6 %

Shares of Hewlett Packard Enterprise stock traded down $0.13 during trading hours on Thursday, reaching $21.73. The company's stock had a trading volume of 8,674,368 shares, compared to its average volume of 14,366,205. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.66. The company has a market capitalization of $28.53 billion, a P/E ratio of 11.43, a P/E/G ratio of 2.02 and a beta of 1.19. The stock's fifty day simple moving average is $21.97 and its two-hundred day simple moving average is $20.58. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 27.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, EVP John F. Schultz sold 262,818 shares of the stock in a transaction dated 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 $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the completion of the sale, the senior vice president now owns 61,735 shares of the company's stock, valued at approximately $1,419,905. This represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 332,166 shares of company stock valued at $7,300,629. Corporate insiders own 0.36% of the company's stock.

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.