Frank Rimerman Advisors LLC Has $494,000 Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Frank Rimerman Advisors LLC increased its stake in Hewlett Packard Enterprise (NYSE:HPE) by 50.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,161 shares of the technology company’s stock after buying an additional 7,788 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $494,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HPE. RPg Family Wealth Advisory LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $25,000. Hara Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $28,000. Tandem Financial LLC bought a new stake in Hewlett Packard Enterprise in the 4th quarter valued at $32,000. R Squared Ltd bought a new stake in Hewlett Packard Enterprise in the 4th quarter valued at $45,000. Finally, Quest Partners LLC bought a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at $50,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Ratings Changes

HPE has been the topic of a number of research analyst reports. Daiwa America cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Bank of America dropped their price target on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Morgan Stanley dropped their price target on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Finally, Stifel Nicolaus increased their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.27.

Hewlett Packard Enterprise Stock Up 6.2 %

Shares of NYSE HPE opened at $15.68 on Monday. 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 $14.64 and a 52 week high of $24.66. The stock has a market capitalization of $20.60 billion, a P/E ratio of 8.25, a PEG ratio of 2.03 and a beta of 1.20. The stock’s fifty day moving average is $20.84 and its 200 day moving average is $20.60.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the sale, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.36% of the stock is owned by company insiders.

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.