Hewlett Packard Enterprise (NYSE:HPE) Position Trimmed by Old Port Advisors

Old Port Advisors reduced its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 5.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 22,985 shares of the technology company’s stock after selling 1,392 shares during the quarter. Old Port Advisors’ holdings in Hewlett Packard Enterprise were worth $491,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Moloney Securities Asset Management LLC acquired a new stake in Hewlett Packard Enterprise during the third quarter worth about $861,000. CHICAGO TRUST Co NA grew its holdings in shares of Hewlett Packard Enterprise by 67.8% during the third quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock valued at $1,858,000 after purchasing an additional 36,704 shares during the last quarter. National Pension Service raised its position in shares of Hewlett Packard Enterprise by 17.3% during the 3rd quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock worth $65,528,000 after purchasing an additional 472,885 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Hewlett Packard Enterprise by 110.8% in the 3rd quarter. HighTower Advisors LLC now owns 299,743 shares of the technology company’s stock worth $6,102,000 after purchasing an additional 157,561 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in Hewlett Packard Enterprise during the 3rd quarter valued at approximately $1,915,000. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock traded down $0.03 during trading on Thursday, hitting $21.32. The stock had a trading volume of 2,053,466 shares, compared to its average volume of 14,352,595. The business has a fifty day moving average of $21.34 and a two-hundred day moving average of $20.22. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.24. The firm has a market cap of $27.69 billion, a P/E ratio of 11.22, a PEG ratio of 2.02 and a beta of 1.21. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be issued 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 2.44%. Hewlett Packard Enterprise’s payout ratio is currently 27.37%.

Analyst Ratings Changes

Several brokerages have weighed in on HPE. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Thursday, December 19th. Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. UBS Group boosted their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Stifel Nicolaus raised their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Citigroup upgraded 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 research report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average target price of $24.00.

Insider Activity

In related news, EVP John F. Schultz sold 262,818 shares of the 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 sale, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeremy Cox sold 7,770 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total value of $163,170.00. Following the sale, the senior vice president now owns 7,771 shares of the company’s stock, valued at $163,191. The trade was a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 578,359 shares of company stock worth $12,380,028. 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.