Corient Private Wealth LLC Sells 56,194 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Corient Private Wealth LLC trimmed its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 11.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 430,942 shares of the technology company's stock after selling 56,194 shares during the quarter. Corient Private Wealth LLC's holdings in Hewlett Packard Enterprise were worth $9,198,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in HPE. Quest Partners LLC bought a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $50,000. Pathstone Holdings LLC grew its stake in shares of Hewlett Packard Enterprise by 1.5% during the third quarter. Pathstone Holdings LLC now owns 158,004 shares of the technology company's stock valued at $3,237,000 after purchasing an additional 2,368 shares during the last quarter. Caprock Group LLC grew its stake in shares of Hewlett Packard Enterprise by 19.5% during the third quarter. Caprock Group LLC now owns 99,722 shares of the technology company's stock valued at $2,053,000 after purchasing an additional 16,289 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of Hewlett Packard Enterprise by 13.6% during the third quarter. Fifth Third Wealth Advisors LLC now owns 17,233 shares of the technology company's stock valued at $353,000 after purchasing an additional 2,068 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $4,349,000. 80.78% of the stock is owned by institutional investors.

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Insider Activity at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the transaction, the senior vice president now owns 48,615 shares of the company's stock, valued at $1,118,145. This trade represents a 19.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.36% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HPE has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price target on the stock in a research note on Thursday, December 19th. Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target on the stock. in a research note on Wednesday, March 12th. StockNews.com cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Wells Fargo & Company reduced their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Friday, March 7th. Finally, Loop Capital reduced their price objective on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a research note on Monday, March 10th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of "Moderate Buy" and a consensus price target of $21.27.

Hewlett Packard Enterprise Trading Down 0.9 %

HPE traded down $0.14 during mid-day trading on Friday, hitting $16.09. The stock had a trading volume of 47,405,474 shares, compared to its average volume of 15,109,076. Hewlett Packard Enterprise has a 1-year low of $14.64 and a 1-year high of $24.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The stock's fifty day simple moving average is $20.22 and its 200-day simple moving average is $20.48. The firm has a market capitalization of $21.13 billion, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 25.37%.

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.