Truist Financial Corp Has $9.43 Million Stake in Hewlett Packard Enterprise (NYSE:HPE)

Truist Financial Corp raised its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 441,600 shares of the technology company’s stock after acquiring an additional 25,836 shares during the period. Truist Financial Corp’s holdings in Hewlett Packard Enterprise were worth $9,428,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new position in Hewlett Packard Enterprise in the third quarter valued at about $25,000. Valley Wealth Managers Inc. acquired a new position in shares of Hewlett Packard Enterprise during the third quarter worth about $26,000. Financial Management Professionals Inc. boosted its position 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 worth $29,000 after buying an additional 637 shares during the period. Tandem Financial LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $32,000. Finally, R Squared Ltd acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $45,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on HPE shares. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Loop Capital increased their price target on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Barclays upped their price objective 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. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Thursday, December 19th. Finally, Stifel Nicolaus raised their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Hewlett Packard Enterprise Trading Down 2.6 %

Shares of HPE stock opened at $21.17 on Friday. 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 fifty-two week low of $14.47 and a fifty-two week high of $24.66. The company has a market cap of $27.80 billion, a PE ratio of 11.14, a P/E/G ratio of 2.03 and a beta of 1.19. The stock’s fifty day moving average price is $21.96 and its two-hundred day moving average price is $20.58.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.37%.

Insider Activity at Hewlett Packard Enterprise

In related news, 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 transaction of $178,733.00. Following the sale, the senior vice president now owns 61,735 shares of the company’s stock, valued at $1,419,905. This trade represents a 11.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the firm’s 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 in the company, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 332,166 shares of company stock valued at $7,300,629 in the last 90 days. 0.36% of the stock is owned by corporate insiders.

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.