Three Seasons Wealth LLC Invests $503,000 in Hewlett Packard Enterprise (NYSE:HPE)

Three Seasons Wealth LLC purchased a new stake in Hewlett Packard Enterprise (NYSE:HPE) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,421 shares of the technology company’s stock, valued at approximately $503,000.

Other hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of Hewlett Packard Enterprise during the third quarter worth approximately $507,000. Tidal Investments LLC increased its stake in Hewlett Packard Enterprise by 169.0% during the 3rd quarter. Tidal Investments LLC now owns 359,280 shares of the technology company’s stock worth $7,351,000 after acquiring an additional 225,719 shares during the period. Synovus Financial Corp raised its holdings in Hewlett Packard Enterprise by 7.9% in the 3rd quarter. Synovus Financial Corp now owns 23,751 shares of the technology company’s stock valued at $486,000 after acquiring an additional 1,732 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at $1,915,000. Finally, Retirement Systems of Alabama lifted its position in shares of Hewlett Packard Enterprise by 16.0% during the 3rd quarter. Retirement Systems of Alabama now owns 4,887,662 shares of the technology company’s stock valued at $100,002,000 after acquiring an additional 673,801 shares during the period. 80.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wells Fargo & Company dropped their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, March 7th. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Loop Capital reduced their price target on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. Daiwa Capital Markets downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research report on Wednesday, March 12th. Finally, Bank of America reduced their target price on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.60.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $16.21 on Friday. The stock’s 50-day moving average is $16.41 and its 200-day moving average is $19.76. The stock has a market cap of $21.29 billion, a P/E ratio of 8.53, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.21%. The ex-dividend date was Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 25.37%.

Insider Activity

In other news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.36% of the company’s stock.

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.