Wilmington Savings Fund Society FSB Invests $507,000 in Hewlett Packard Enterprise (NYSE:HPE)

Wilmington Savings Fund Society FSB purchased a new position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 24,787 shares of the technology company's stock, valued at approximately $507,000.

A number of other institutional investors and hedge funds have also modified their holdings of HPE. First Horizon Advisors Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 4.8% in the second quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company's stock valued at $231,000 after purchasing an additional 501 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Hewlett Packard Enterprise by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company's stock valued at $2,363,000 after buying an additional 536 shares in the last quarter. Avior Wealth Management LLC grew its holdings in Hewlett Packard Enterprise by 6.4% during the 3rd quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company's stock valued at $198,000 after buying an additional 579 shares during the last quarter. Bailard Inc. increased its position in Hewlett Packard Enterprise by 1.7% during the second quarter. Bailard Inc. now owns 35,349 shares of the technology company's stock worth $748,000 after buying an additional 580 shares in the last quarter. Finally, Werba Rubin Papier Wealth Management raised its holdings in shares of Hewlett Packard Enterprise by 2.5% in the third quarter. Werba Rubin Papier Wealth Management now owns 23,583 shares of the technology company's stock worth $483,000 after acquiring an additional 581 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Bank of America upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $21.00 to $24.00 in a research report on Tuesday, September 17th. Stifel Nicolaus lifted their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Susquehanna reissued a "neutral" rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They issued a "hold" rating and a $22.00 target price for the company. Finally, Morgan Stanley raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $23.00 to $28.00 in a research note on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $23.79.

Insiders Place Their Bets

In other news, EVP John F. Schultz sold 262,818 shares of the company's stock in a transaction on 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 transaction, the executive vice president now directly owns 270,430 shares in the company, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeremy Cox sold 7,770 shares of the firm's stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total transaction of $163,170.00. Following the sale, the senior vice president now directly owns 7,771 shares of the company's stock, valued at approximately $163,191. The trade was a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 717,601 shares of company stock worth $15,140,976 in the last 90 days. 0.40% of the stock is owned by company insiders.

Hewlett Packard Enterprise Stock Down 1.4 %

NYSE:HPE traded down $0.31 during mid-day trading on Tuesday, hitting $21.54. The company had a trading volume of 13,265,327 shares, compared to its average volume of 15,287,290. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $24.24. The business has a fifty day simple moving average of $21.10 and a 200-day simple moving average of $20.07. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $27.97 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 2.64 and a beta of 1.21.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 27.37%.

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.