Sagespring Wealth Partners LLC Takes $358,000 Position in Hewlett Packard Enterprise (NYSE:HPE)

Sagespring Wealth Partners LLC purchased a new stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,764 shares of the technology company's stock, valued at approximately $358,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HPE. Mather Group LLC. increased its position in shares of Hewlett Packard Enterprise by 6.2% during the fourth quarter. Mather Group LLC. now owns 7,557 shares of the technology company's stock worth $161,000 after purchasing an additional 440 shares in the last quarter. Lakewood Asset Management LLC raised its position in shares of Hewlett Packard Enterprise by 0.4% in the 4th quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company's stock valued at $2,242,000 after purchasing an additional 457 shares during the last quarter. Essex Financial Services Inc. grew its position in Hewlett Packard Enterprise by 3.6% during the 4th quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company's stock worth $286,000 after purchasing an additional 461 shares during the last quarter. Westside Investment Management Inc. lifted its stake in shares of Hewlett Packard Enterprise by 0.8% during the fourth quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company's stock worth $1,335,000 after buying an additional 475 shares during the period. Finally, Aviso Financial Inc. increased its position in shares of Hewlett Packard Enterprise by 0.9% in the 4th quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company's stock valued at $1,154,000 after acquiring an additional 490 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Insider Activity

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the company's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.36% of the company's stock.

Analyst Ratings Changes

HPE has been the topic of a number of recent research reports. Daiwa America lowered Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Wells Fargo & Company decreased their target price on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating for the company in a research report on Friday, March 7th. Daiwa Capital Markets lowered Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price objective for the company. in a research note on Wednesday, March 12th. Loop Capital dropped their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a report on Monday, March 10th. Finally, Morgan Stanley lowered Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price objective on the stock. in a research report on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $20.60.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE traded down $0.46 during mid-day trading on Monday, reaching $14.68. The company's stock had a trading volume of 2,367,671 shares, compared to its average volume of 16,733,657. The stock has a 50-day moving average of $16.89 and a two-hundred day moving average of $19.89. 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 stock has a market capitalization of $19.28 billion, a P/E ratio of 7.77, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio is currently 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.