CENTRAL TRUST Co Purchases 1,681 Shares of Hewlett Packard Enterprise (NYSE:HPE)

CENTRAL TRUST Co increased its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 17.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,404 shares of the technology company’s stock after buying an additional 1,681 shares during the quarter. CENTRAL TRUST Co’s holdings in Hewlett Packard Enterprise were worth $243,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. DAVENPORT & Co LLC bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $561,000. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Hewlett Packard Enterprise by 7.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 40,889 shares of the technology company’s stock worth $873,000 after buying an additional 2,658 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $238,000. Caprock Group LLC grew its holdings in shares of Hewlett Packard Enterprise by 40.5% during the fourth quarter. Caprock Group LLC now owns 140,129 shares of the technology company’s stock worth $3,010,000 after buying an additional 40,407 shares in the last quarter. Finally, Institute for Wealth Management LLC. grew its holdings in shares of Hewlett Packard Enterprise by 19.4% during the fourth quarter. Institute for Wealth Management LLC. now owns 14,956 shares of the technology company’s stock worth $319,000 after buying an additional 2,434 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction 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 transaction, the director now owns 104,192 shares in the company, valued at approximately $2,445,386.24. This trade represents a 32.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of Hewlett Packard Enterprise stock in a transaction 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 transaction, the senior vice president now 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. Insiders have sold a total of 332,166 shares of company stock worth $7,300,629 in the last 90 days. Company insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $20.83 on Wednesday. The stock has a 50 day simple moving average of $22.07 and a 200 day simple moving average of $20.44. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.66. 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 stock has a market cap of $27.40 billion, a P/E ratio of 10.96, a PEG ratio of 1.97 and a beta of 1.19.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.50%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 27.37%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HPE shares. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Thursday, December 19th. Loop Capital increased their price target on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Barclays increased their price target on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price target for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Finally, StockNews.com raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Company 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.