International Assets Investment Management LLC Sells 472,892 Shares of Hewlett Packard Enterprise (NYSE:HPE)

International Assets Investment Management LLC lowered its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 96.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,200 shares of the technology company's stock after selling 472,892 shares during the period. International Assets Investment Management LLC's holdings in Hewlett Packard Enterprise were worth $348,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HPE. Los Angeles Capital Management LLC purchased a new position in Hewlett Packard Enterprise during the second quarter valued at $360,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth about $28,000. PFG Investments LLC boosted its stake in Hewlett Packard Enterprise by 5.6% in the 2nd quarter. PFG Investments LLC now owns 12,310 shares of the technology company's stock worth $261,000 after purchasing an additional 649 shares in the last quarter. Choreo LLC bought a new position in Hewlett Packard Enterprise in the 2nd quarter worth about $421,000. Finally, American Century Companies Inc. grew its position in Hewlett Packard Enterprise by 424.4% during the 2nd quarter. American Century Companies Inc. now owns 1,447,101 shares of the technology company's stock valued at $30,635,000 after purchasing an additional 1,171,141 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Analyst Ratings Changes

HPE has been the subject of several analyst reports. 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 research report on Monday, December 9th. Citigroup raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and upped their price target for the company from $23.00 to $26.00 in a report on Friday, December 6th. StockNews.com downgraded Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating in a report on Friday, January 3rd. Susquehanna reissued a "neutral" rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Finally, 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. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $24.00.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 11,577 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares in the company, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the 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 transaction, the executive vice president now owns 270,430 shares of the company's stock, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 582,166 shares of company stock worth $12,483,129. Corporate insiders own 0.40% of the company's stock.

Hewlett Packard Enterprise Price Performance

HPE traded up $0.11 during trading on Friday, hitting $22.14. 26,452,977 shares of the company traded hands, compared to its average volume of 15,694,694. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company has a market cap of $29.12 billion, a PE ratio of 11.65, a P/E/G ratio of 2.02 and a beta of 1.20. The stock's 50-day simple moving average is $21.66 and its two-hundred day simple moving average is $20.25. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $24.24.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.35%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 27.37%.

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.