Pines Wealth Management LLC bought a new stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,275 shares of the technology company's stock, valued at approximately $580,000.
Other hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new stake in Hewlett Packard Enterprise during the third quarter valued at $26,000. Ashton Thomas Private Wealth LLC purchased a new position in Hewlett Packard Enterprise in the second quarter valued at about $28,000. Financial Management Professionals Inc. grew its stake in Hewlett Packard Enterprise by 80.3% in the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock valued at $29,000 after purchasing an additional 637 shares in the last quarter. Finally, Rise Advisors LLC increased its position in Hewlett Packard Enterprise by 45.5% in the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company's stock worth $41,000 after purchasing an additional 625 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.
Wall Street Analysts Forecast Growth
HPE has been the subject of several recent research reports. Raymond James raised Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and boosted their price target for the company from $23.00 to $29.00 in a research note on Monday, November 18th. StockNews.com downgraded shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 3rd. Stifel Nicolaus increased their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price objective for the company in a report on Thursday, December 19th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.00.
View Our Latest Research Report on HPE
Hewlett Packard Enterprise Stock Performance
Shares of Hewlett Packard Enterprise stock traded up $0.77 during midday trading on Wednesday, hitting $23.31. The company had a trading volume of 17,821,961 shares, compared to its average volume of 16,138,683. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.24. The business's 50 day simple moving average is $21.75 and its two-hundred day simple moving average is $20.26. The stock has a market cap of $30.66 billion, a PE ratio of 12.27, a P/E/G ratio of 2.02 and a beta of 1.20. 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.23%. Hewlett Packard Enterprise's payout ratio is 27.37%.
Insider Activity
In other Hewlett Packard Enterprise 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 of the company's stock, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gary M. Reiner sold 50,000 shares of the firm's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the transaction, the director now directly owns 104,192 shares of the company's stock, valued at $2,445,386.24. The trade was a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 332,166 shares of company stock valued at $7,300,629. Insiders own 0.40% of the company's stock.
About Hewlett Packard Enterprise
(
Free Report)
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.
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