Abacus Planning Group Inc. Has $580,000 Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Abacus Planning Group Inc. grew its position in Hewlett Packard Enterprise (NYSE:HPE) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,165 shares of the technology company’s stock after purchasing an additional 609 shares during the quarter. Abacus Planning Group Inc.’s holdings in Hewlett Packard Enterprise were worth $580,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Global Retirement Partners LLC increased its position in Hewlett Packard Enterprise by 6.5% during the 4th quarter. Global Retirement Partners LLC now owns 52,893 shares of the technology company’s stock worth $1,129,000 after buying an additional 3,226 shares during the period. Convergence Investment Partners LLC boosted its position in shares of Hewlett Packard Enterprise by 24.4% in the fourth quarter. Convergence Investment Partners LLC now owns 273,028 shares of the technology company’s stock valued at $5,829,000 after acquiring an additional 53,631 shares during the period. Hara Capital LLC bought a new position in Hewlett Packard Enterprise during the fourth quarter worth about $28,000. Key Financial Inc increased its position in Hewlett Packard Enterprise by 17.7% during the fourth quarter. Key Financial Inc now owns 4,116 shares of the technology company’s stock worth $88,000 after acquiring an additional 619 shares during the period. Finally, Truist Financial Corp raised its stake in Hewlett Packard Enterprise by 6.2% in the 4th quarter. Truist Financial Corp now owns 441,600 shares of the technology company’s stock worth $9,428,000 after purchasing an additional 25,836 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. StockNews.com cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Loop Capital raised their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised 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. Barclays boosted their price target on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Six equities research 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Hewlett Packard Enterprise Stock Up 0.1 %

Shares of HPE opened at $21.80 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $24.66. The stock has a market capitalization of $28.63 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 2.01 and a beta of 1.19. The stock has a fifty day moving average of $21.97 and a 200-day moving average of $20.57.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is 27.37%.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise 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 transaction, the executive vice president now owns 270,430 shares in the company, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeremy Cox sold 7,771 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the transaction, the senior vice president now directly owns 61,735 shares of the company’s stock, valued at approximately $1,419,905. This represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 332,166 shares of company stock worth $7,300,629. Insiders own 0.36% of the company’s stock.

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.