Summit Trail Advisors LLC Has $371,000 Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Summit Trail Advisors LLC decreased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 11.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,244 shares of the technology company’s stock after selling 2,318 shares during the quarter. Summit Trail Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in Hewlett Packard Enterprise by 0.8% in the third quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock worth $642,748,000 after purchasing an additional 251,076 shares during the period. Pacer Advisors Inc. boosted its position in shares of Hewlett Packard Enterprise by 18.1% during the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after purchasing an additional 4,194,213 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Hewlett Packard Enterprise by 6.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company’s stock valued at $321,149,000 after buying an additional 921,624 shares during the period. Charles Schwab Investment Management Inc. increased its position in Hewlett Packard Enterprise by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,609,078 shares of the technology company’s stock valued at $196,602,000 after buying an additional 129,463 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Hewlett Packard Enterprise by 35.1% during the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock worth $155,142,000 after buying an additional 1,885,559 shares during the period. Institutional investors own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

HPE has been the subject of a number of research reports. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Loop Capital lifted their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Citigroup raised shares of 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 note on Friday, December 6th. Finally, Stifel Nicolaus boosted their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $21.10 on Thursday. The company has a market capitalization of $27.75 billion, a PE ratio of 11.11, a PEG ratio of 1.98 and a beta of 1.19. 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’s 50 day moving average price is $22.06 and its 200-day moving average price is $20.48. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were given a $0.13 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.46%. Hewlett Packard Enterprise’s dividend payout ratio is currently 27.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the transaction, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at $1,118,145. This represents a 19.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the completion of the sale, the director now directly owns 104,192 shares in the company, valued at $2,445,386.24. This trade represents a 32.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock worth $7,300,629 in the last quarter. 0.40% of the stock is currently owned by company insiders.

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.