Hewlett Packard Enterprise (NYSE:HPE) Holdings Cut by Old Port Advisors

Old Port Advisors reduced its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,985 shares of the technology company’s stock after selling 1,392 shares during the period. Old Port Advisors’ holdings in Hewlett Packard Enterprise were worth $491,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its position in Hewlett Packard Enterprise by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company’s stock valued at $2,363,000 after purchasing an additional 536 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Hewlett Packard Enterprise by 6.4% during the 3rd quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company’s stock valued at $198,000 after buying an additional 579 shares during the last quarter. Werba Rubin Papier Wealth Management lifted its holdings in shares of Hewlett Packard Enterprise by 2.5% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 23,583 shares of the technology company’s stock valued at $483,000 after buying an additional 581 shares during the last quarter. Cutter & CO Brokerage Inc. grew its stake in shares of Hewlett Packard Enterprise by 4.4% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 13,924 shares of the technology company’s stock valued at $285,000 after buying an additional 589 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co increased its holdings in Hewlett Packard Enterprise by 0.5% in the second quarter. Elo Mutual Pension Insurance Co now owns 119,347 shares of the technology company’s stock worth $2,527,000 after buying an additional 598 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. UBS Group boosted their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Stifel Nicolaus upped 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. Barclays increased their target price on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Finally, Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $23.00 to $28.00 in a report on Thursday, December 5th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the sale, the chief executive officer now owns 1,508,641 shares of the company’s stock, valued at approximately $31,274,127.93. This trade represents a 14.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the senior vice president now owns 61,735 shares of the company’s stock, valued at $1,419,905. The trade was a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 578,359 shares of company stock valued at $12,380,028 in the last ninety days. Company insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock traded down $0.03 during trading hours on Thursday, reaching $21.32. 2,053,466 shares of the company’s stock were exchanged, compared to its average volume of 14,352,595. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.24. 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 has a market capitalization of $27.69 billion, a P/E ratio of 11.22, a P/E/G ratio of 2.02 and a beta of 1.21. The business has a fifty day moving average price of $21.34 and a 200-day moving average price of $20.22.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.44%. The ex-dividend date is Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is currently 27.37%.

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.