Investors Asset Management of Georgia Inc. GA ADV Lowers Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Investors Asset Management of Georgia Inc. GA ADV reduced its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 2.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,344 shares of the technology company’s stock after selling 707 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Hewlett Packard Enterprise were worth $605,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth $26,000. Hara Capital LLC purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth $28,000. Financial Management Professionals Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 80.3% during 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 in the last quarter. Finally, Tandem Financial LLC bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth approximately $32,000. 80.78% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction that occurred 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 owns 61,735 shares of the company’s stock, valued at $1,419,905. This represents a 11.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $5,682,125.16. Following the sale, the executive vice president now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 332,166 shares of company stock valued at $7,300,629. 0.36% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE opened at $21.73 on Friday. 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 company has a market capitalization of $28.53 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 2.03 and a beta of 1.19. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.66. The firm’s 50-day moving average is $21.97 and its 200 day moving average is $20.58.

Hewlett Packard Enterprise Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HPE shares. StockNews.com cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Barclays lifted their target price 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. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the company from $23.00 to $26.00 in a report on Friday, December 6th. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $23.00 to $29.00 in a report on Monday, November 18th. Finally, Stifel Nicolaus lifted their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a 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. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Company 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.