Heritage Trust Co Makes New Investment in Hewlett Packard Enterprise (NYSE:HPE)

Heritage Trust Co purchased a new position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 229,180 shares of the technology company's stock, valued at approximately $4,893,000.

A number of other institutional investors and hedge funds also recently modified their holdings of HPE. Jaffetilchin Investment Partners LLC increased its holdings in shares of Hewlett Packard Enterprise by 333.2% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 30,462 shares of the technology company's stock worth $650,000 after buying an additional 23,430 shares during the last quarter. Zuckerman Investment Group LLC grew its stake in Hewlett Packard Enterprise by 27.3% during the fourth quarter. Zuckerman Investment Group LLC now owns 28,000 shares of the technology company's stock worth $573,000 after buying an additional 6,000 shares during the period. Treasurer of the State of North Carolina raised its stake in shares of Hewlett Packard Enterprise by 1.2% in the 4th quarter. Treasurer of the State of North Carolina now owns 749,410 shares of the technology company's stock valued at $16,000,000 after acquiring an additional 8,974 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 1.0% during the 4th quarter. Bessemer Group Inc. now owns 204,363 shares of the technology company's stock valued at $4,363,000 after acquiring an additional 2,059 shares in the last quarter. Finally, Advisory Services Network LLC increased its holdings in Hewlett Packard Enterprise by 34.9% in the 4th quarter. Advisory Services Network LLC now owns 25,688 shares of the technology company's stock valued at $548,000 after purchasing an additional 6,651 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have weighed in on HPE. Wells Fargo & Company decreased their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Barclays lowered their price objective on 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. Loop Capital reduced their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research note on Monday, March 10th. StockNews.com lowered shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Morgan Stanley lowered shares of Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 target price on the stock. in a research note on Tuesday, April 8th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of "Hold" and an average target price of $20.60.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the business's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE traded down $0.15 during trading hours on Wednesday, hitting $14.86. 12,560,769 shares of the company's stock traded hands, compared to its average volume of 16,639,535. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The company has a market cap of $19.52 billion, a price-to-earnings ratio of 7.82, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66. The company's fifty day simple moving average is $17.27 and its two-hundred day simple moving average is $20.00.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio is 25.37%.

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.