Long Run Wealth Advisors LLC Has $1.27 Million Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Long Run Wealth Advisors LLC reduced its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 11.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,532 shares of the technology company’s stock after selling 7,669 shares during the period. Long Run Wealth Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $1,271,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Kathmere Capital Management LLC boosted its holdings in shares of Hewlett Packard Enterprise by 87.2% during the 4th quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company’s stock worth $544,000 after buying an additional 11,869 shares during the period. Lebenthal Global Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 83.7% in the 4th quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock valued at $771,000 after purchasing an additional 16,447 shares during the period. Nordea Investment Management AB boosted its holdings in Hewlett Packard Enterprise by 35.1% in the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after purchasing an additional 1,885,559 shares during the period. Moloney Securities Asset Management LLC bought a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at $861,000. Finally, CHICAGO TRUST Co NA boosted its holdings in Hewlett Packard Enterprise by 67.8% in the 3rd 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 period. 80.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Thursday, December 19th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. Stifel Nicolaus raised their price objective 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. Finally, Susquehanna reaffirmed a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Hewlett Packard Enterprise Trading Up 2.6 %

HPE opened at $21.38 on Thursday. 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 capitalization of $28.12 billion, a PE ratio of 11.25, a PEG ratio of 1.97 and a beta of 1.19. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.66. The firm has a 50-day moving average price of $22.04 and a two-hundred day moving average price of $20.44.

Hewlett Packard Enterprise Dividend Announcement

The business 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. This represents a $0.52 annualized dividend and a yield of 2.43%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is presently 27.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value of $5,682,125.16. Following the transaction, the executive vice president now owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the completion of the transaction, 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. In the last 90 days, insiders sold 332,166 shares of company stock worth $7,300,629. 0.40% of the stock is currently owned by corporate 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.