Guidance Capital Inc. Has $857,000 Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Guidance Capital Inc. cut its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 27.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,130 shares of the technology company's stock after selling 15,067 shares during the quarter. Guidance Capital Inc.'s holdings in Hewlett Packard Enterprise were worth $857,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. boosted its holdings in 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 purchasing an additional 440 shares in the last quarter. First Dallas Securities Inc. boosted its holdings in Hewlett Packard Enterprise by 119.6% during the fourth quarter. First Dallas Securities Inc. now owns 30,759 shares of the technology company's stock valued at $657,000 after purchasing an additional 16,754 shares in the last quarter. GDS Wealth Management boosted its holdings in Hewlett Packard Enterprise by 110.3% during the fourth quarter. GDS Wealth Management now owns 270,821 shares of the technology company's stock valued at $5,782,000 after purchasing an additional 142,021 shares in the last quarter. Hodges Capital Management Inc. boosted its holdings in Hewlett Packard Enterprise by 46.1% during the fourth quarter. Hodges Capital Management Inc. now owns 751,064 shares of the technology company's stock valued at $16,035,000 after purchasing an additional 237,164 shares in the last quarter. Finally, One Wealth Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 32.4% during the fourth quarter. One Wealth Advisors LLC now owns 35,671 shares of the technology company's stock valued at $762,000 after purchasing an additional 8,732 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 50,000 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of the transaction, the director now owns 104,192 shares of the company's stock, valued at $2,445,386.24. The trade was a 32.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of the business's stock in a transaction on 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 transaction, the senior vice president now directly owns 61,735 shares of the company's stock, valued at $1,419,905. This trade represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 332,166 shares of company stock worth $7,300,629. Insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Raymond James raised 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 report on Monday, November 18th. StockNews.com downgraded Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating in a report on Thursday. Loop Capital boosted their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Morgan Stanley raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. Finally, Stifel Nicolaus boosted 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. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $24.00.

Hewlett Packard Enterprise Trading Down 0.4 %

Shares of Hewlett Packard Enterprise stock traded down $0.10 on Friday, hitting $21.27. 10,204,939 shares of the company's stock traded hands, compared to its average volume of 15,869,325. The firm's 50-day moving average price is $22.06 and its two-hundred day moving average price is $20.46. The stock has a market capitalization of $27.97 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 1.98 and a beta of 1.19. Hewlett Packard Enterprise has a one year low of $14.47 and a one 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.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise's payout ratio is 27.37%.

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.