Three Seasons Wealth LLC Takes Position in Hewlett Packard Enterprise (NYSE:HPE)

Three Seasons Wealth LLC bought a new position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 23,421 shares of the technology company's stock, valued at approximately $503,000.

Other hedge funds also recently bought and sold shares of the company. Hara Capital LLC acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $28,000. Tandem Financial LLC acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $32,000. Conquis Financial LLC acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $41,000. R Squared Ltd acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $45,000. Finally, Tompkins Financial Corp increased its holdings in shares of Hewlett Packard Enterprise by 397.9% during the 4th quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company's stock valued at $61,000 after acquiring an additional 2,300 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Hewlett Packard Enterprise

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley downgraded Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 target price for the company. in a research note on Tuesday, April 8th. Barclays decreased their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Susquehanna decreased their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. StockNews.com downgraded Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Loop Capital decreased their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research note on Monday, March 10th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $20.60.

Hewlett Packard Enterprise Price Performance

Shares of HPE traded up $0.26 during mid-day trading on Monday, reaching $16.50. The company had a trading volume of 15,459,687 shares, compared to its average volume of 16,931,859. Hewlett Packard Enterprise has a twelve month low of $11.97 and a twelve month high of $24.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The company's 50-day moving average is $16.30 and its 200-day moving average is $19.71. The company has a market capitalization of $21.67 billion, a P/E ratio of 8.68, a P/E/G ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.15%. Hewlett Packard Enterprise's dividend payout ratio is 25.37%.

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.