Empowered Funds LLC Has $767,000 Position in Hewlett Packard Enterprise (NYSE:HPE)

Empowered Funds LLC decreased its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 93.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,904 shares of the technology company's stock after selling 479,624 shares during the period. Empowered Funds LLC's holdings in Hewlett Packard Enterprise were worth $767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Mather Group LLC. increased its holdings in shares of Hewlett Packard Enterprise by 6.2% during the fourth quarter. Mather Group LLC. now owns 7,557 shares of the technology company's stock worth $161,000 after buying an additional 440 shares in the last quarter. Lakewood Asset Management LLC increased its holdings in shares of Hewlett Packard Enterprise by 0.4% during the fourth quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company's stock worth $2,242,000 after buying an additional 457 shares in the last quarter. Westside Investment Management Inc. increased its holdings in shares of Hewlett Packard Enterprise by 0.8% in the fourth 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 in the last quarter. True Link Financial Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise by 4.3% in the fourth quarter. True Link Financial Advisors LLC now owns 13,546 shares of the technology company's stock valued at $289,000 after purchasing an additional 560 shares in the last quarter. Finally, Avior Wealth Management LLC increased its holdings in shares of Hewlett Packard Enterprise by 6.4% in the third quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company's stock valued at $198,000 after purchasing an additional 579 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP John F. Schultz sold 262,818 shares of the firm's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the sale, the executive vice president now directly owns 270,430 shares in the company, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of the firm's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the sale, the senior vice president now owns 61,735 shares in the company, valued at approximately $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 valued at $7,300,629 over the last three months. 0.36% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Trading Down 2.6 %

Shares of NYSE HPE traded down $0.58 during midday trading on Friday, reaching $21.17. 7,810,739 shares of the stock were exchanged, compared to its average volume of 14,173,455. The business has a 50-day simple moving average of $21.96 and a two-hundred day simple moving average of $20.58. The company has a market capitalization of $27.80 billion, a price-to-earnings ratio of 11.14, a P/E/G ratio of 2.03 and a beta of 1.19. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month 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.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.46%. Hewlett Packard Enterprise's dividend payout ratio is 27.37%.

Analyst Ratings Changes

A number of analysts recently weighed in on HPE shares. Loop Capital raised their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a "hold" rating in a report on Monday, December 9th. Stifel Nicolaus raised their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a report on Friday, December 6th. Barclays raised their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Citigroup raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and raised their price target for the company from $23.00 to $26.00 in a report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price target for the company in a report on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $24.00.

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.