B. Riley Wealth Advisors Inc. Sells 6,305 Shares of Hewlett Packard Enterprise (NYSE:HPE)

B. Riley Wealth Advisors Inc. lessened its position in Hewlett Packard Enterprise (NYSE:HPEFree Report) by 12.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 42,641 shares of the technology company’s stock after selling 6,305 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Hewlett Packard Enterprise were worth $876,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its position in Hewlett Packard Enterprise by 4.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company’s stock valued at $231,000 after acquiring an additional 501 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position 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 during the period. Avior Wealth Management LLC increased its position in shares of Hewlett Packard Enterprise by 6.4% during the third quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company’s stock worth $198,000 after acquiring an additional 579 shares during the period. Bailard Inc. raised its stake in shares of Hewlett Packard Enterprise by 1.7% during the second quarter. Bailard Inc. now owns 35,349 shares of the technology company’s stock valued at $748,000 after acquiring an additional 580 shares in the last quarter. Finally, Werba Rubin Papier Wealth Management grew its stake in 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 purchasing an additional 581 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Trading Down 1.3 %

Shares of NYSE:HPE opened at $21.57 on Wednesday. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $24.24. The business has a 50-day moving average price of $21.11 and a 200-day moving average price of $20.10. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The stock has a market cap of $28.01 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 2.64 and a beta of 1.21.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.41%. Hewlett Packard Enterprise’s payout ratio is currently 27.37%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of the transaction, the director now owns 104,192 shares in the company, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John F. Schultz sold 262,818 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was 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 of the company’s stock, valued at $5,846,696.60. The trade was a 49.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 717,601 shares of company stock worth $15,140,976 over the last three months. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on HPE. Barclays lifted their price objective on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, December 6th. UBS Group boosted their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Stifel Nicolaus upped their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. Finally, Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price objective for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.79.

Get Our Latest Stock Report on HPE

Hewlett Packard Enterprise Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise (NYSE:HPEFree Report).

Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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