Graypoint LLC Buys 936 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Graypoint LLC boosted its stake in Hewlett Packard Enterprise (NYSE:HPE) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,295 shares of the technology company’s stock after acquiring an additional 936 shares during the period. Graypoint LLC’s holdings in Hewlett Packard Enterprise were worth $775,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of HPE. RPg Family Wealth Advisory LLC bought a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. bought a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at approximately $26,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $28,000. Financial Management Professionals Inc. raised its position in shares of Hewlett Packard Enterprise by 80.3% in the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock valued at $29,000 after purchasing an additional 637 shares during the period. Finally, Rise Advisors LLC raised its position in shares of Hewlett Packard Enterprise by 45.5% in the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock valued at $41,000 after purchasing an additional 625 shares during the period. Institutional investors own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Susquehanna reissued a “neutral” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $23.00 to $29.00 in a report on Monday, November 18th. Stifel Nicolaus upped their target price 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. Loop Capital upped their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Insider Activity

In other news, SVP Jeremy Cox sold 7,771 shares of the company’s 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 sale, the senior vice president now owns 61,735 shares of the company’s stock, valued at approximately $1,419,905. This represents a 11.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction 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 $5,846,696.60. This trade represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 582,166 shares of company stock valued at $12,483,129. Corporate insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $22.14 on Friday. 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 has a one year low of $14.47 and a one year high of $24.24. The stock has a market cap of $29.12 billion, a PE ratio of 11.65, a P/E/G ratio of 2.02 and a beta of 1.20. The firm has a 50 day simple moving average of $21.66 and a two-hundred day simple moving average of $20.26.

Hewlett Packard Enterprise Dividend Announcement

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 is Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.35%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.37%.

Hewlett Packard Enterprise 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.