Secured Retirement Advisors LLC Makes New $788,000 Investment in Hewlett Packard Enterprise (NYSE:HPE)

Secured Retirement Advisors LLC bought a new position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,917 shares of the technology company's stock, valued at approximately $788,000.

Several other large investors also recently made changes to their positions in HPE. RPg Family Wealth Advisory LLC acquired a new position in Hewlett Packard Enterprise during the 3rd quarter worth about $25,000. Valley Wealth Managers Inc. acquired a new position in shares of Hewlett Packard Enterprise during the third quarter worth approximately $26,000. Financial Management Professionals Inc. grew its stake 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 purchasing an additional 637 shares during the last quarter. Tandem Financial LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $32,000. Finally, R Squared Ltd bought a new position in Hewlett Packard Enterprise in the 4th quarter worth approximately $45,000. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Trading Up 0.1 %

NYSE:HPE traded up $0.02 on Wednesday, reaching $21.80. The company's stock had a trading volume of 8,420,713 shares, compared to its average volume of 14,543,877. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.66. The business's 50-day moving average price is $21.97 and its two-hundred day moving average price is $20.57. The firm has a market cap of $28.63 billion, a PE ratio of 11.47, a PEG ratio of 2.01 and a beta of 1.19. 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. Investors of record on Friday, December 20th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.39%. Hewlett Packard Enterprise's payout ratio is 27.37%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,771 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the sale, the senior vice president now owns 61,735 shares of the company's stock, valued at $1,419,905. This trade represents a 11.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John F. Schultz sold 262,818 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value of $5,682,125.16. Following the completion of the sale, the executive vice president now owns 270,430 shares in the company, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 332,166 shares of company stock worth $7,300,629. 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. Stifel Nicolaus increased their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Citigroup raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Loop Capital raised their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $23.00 to $28.00 in a report on Thursday, December 5th. Finally, StockNews.com lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $24.00.

About Hewlett Packard Enterprise

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.