First National Trust Co Sells 19,392 Shares of Hewlett Packard Enterprise (NYSE:HPE)

First National Trust Co decreased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 52.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,383 shares of the technology company's stock after selling 19,392 shares during the period. First National Trust Co's holdings in Hewlett Packard Enterprise were worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Mather Group LLC. raised its position 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 valued at $161,000 after buying an additional 440 shares during the last quarter. Lakewood Asset Management LLC raised its stake in 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 valued at $2,242,000 after purchasing an additional 457 shares in the last quarter. Essex Financial Services Inc. raised its stake in Hewlett Packard Enterprise by 3.6% during the fourth quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company's stock valued at $286,000 after purchasing an additional 461 shares in the last quarter. Westside Investment Management Inc. lifted its position in Hewlett Packard Enterprise by 0.8% during 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 during the last quarter. Finally, Aviso Financial Inc. grew its stake in shares of Hewlett Packard Enterprise by 0.9% in the 4th quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company's stock worth $1,154,000 after buying an additional 490 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

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

Hewlett Packard Enterprise Trading Down 0.5 %

Shares of Hewlett Packard Enterprise stock traded down $0.08 on Thursday, hitting $16.26. 19,394,361 shares of the company traded hands, compared to its average volume of 14,968,691. Hewlett Packard Enterprise has a 52 week low of $14.64 and a 52 week high of $24.66. The company has a market cap of $21.36 billion, a PE ratio of 8.56, a PEG ratio of 2.03 and a beta of 1.20. The stock's 50 day moving average price is $20.46 and its 200-day moving average price is $20.52. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.

Analyst Ratings Changes

HPE has been the topic of several recent research reports. Morgan Stanley decreased their target price on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Wells Fargo & Company decreased their price objective on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Stifel Nicolaus lifted their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Daiwa Capital Markets lowered Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target on the stock. in a report on Wednesday, March 12th. Finally, Barclays dropped their price objective on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and an average target price of $21.27.

About Hewlett Packard Enterprise

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.