Parcion Private Wealth LLC Purchases Shares of 336,367 Hewlett Packard Enterprise (NYSE:HPE)

Parcion Private Wealth LLC bought a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 336,367 shares of the technology company's stock, valued at approximately $7,181,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new position in Hewlett Packard Enterprise during the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. bought a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at about $26,000. Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $28,000. Financial Management Professionals Inc. increased its position in shares of Hewlett Packard Enterprise by 80.3% during the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock valued at $29,000 after buying an additional 637 shares during the period. Finally, Tandem Financial LLC bought a new position in Hewlett Packard Enterprise in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the business'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 completion of the sale, the executive vice president now directly owns 270,430 shares in the company, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeremy Cox sold 11,577 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the transaction, the senior vice president now owns 48,615 shares in the company, valued at approximately $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 332,166 shares of company stock valued at $7,300,629. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Down 2.6 %

Shares of NYSE:HPE traded down $0.58 during trading on Friday, reaching $21.17. 7,810,739 shares of the stock traded hands, compared to its average volume of 14,173,455. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $24.66. The stock has a market cap of $27.80 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. The stock has a 50-day moving average of $21.96 and a two-hundred day moving average of $20.58. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HPE. StockNews.com downgraded Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Raymond James raised Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and upped their price target for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Loop Capital increased their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Citigroup upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their target price for the company from $23.00 to $26.00 in a report on Friday, December 6th. Finally, Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $24.00.

Hewlett Packard Enterprise 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.