Wealth Advisors Northwest LLC Buys New Stake in Hewlett Packard Enterprise (NYSE:HPE)

Wealth Advisors Northwest 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 22,217 shares of the technology company's stock, valued at approximately $474,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $26,000. Financial Management Professionals Inc. increased its stake in shares of Hewlett Packard Enterprise by 80.3% in the 3rd 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. Tandem Financial LLC acquired a new stake in Hewlett Packard Enterprise in the 4th quarter worth about $32,000. Finally, R Squared Ltd acquired a new stake in Hewlett Packard Enterprise in the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price objective on the stock in a report on Thursday, December 19th. Citigroup upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Morgan Stanley upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. Loop Capital lifted 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. Finally, StockNews.com cut Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and a consensus price target of $24.00.

Hewlett Packard Enterprise Trading Up 2.1 %

HPE traded up $0.45 during trading hours on Friday, reaching $21.73. The company's stock had a trading volume of 9,801,469 shares, compared to its average volume of 15,869,325. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.66. The stock has a market cap of $28.58 billion, a PE ratio of 11.43, a P/E/G ratio of 1.98 and a beta of 1.19. The business's 50-day moving average is $22.00 and its 200-day moving average is $20.51. 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise's dividend payout ratio is presently 27.37%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $23.47, for a total value of $1,173,500.00. Following the sale, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeremy Cox sold 7,771 shares of the business's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $23.00, for a total value of $178,733.00. Following the completion of the sale, the senior vice president now directly owns 61,735 shares in the company, valued at approximately $1,419,905. The trade was a 11.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 332,166 shares of company stock worth $7,300,629. Insiders own 0.40% of the company's stock.

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.