West Tower Group LLC Sells 7,221 Shares of Hewlett Packard Enterprise (NYSE:HPE)

West Tower Group LLC lowered its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 14.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,400 shares of the technology company’s stock after selling 7,221 shares during the period. Hewlett Packard Enterprise makes up 2.1% of West Tower Group LLC’s portfolio, making the stock its 13th biggest position. West Tower Group LLC’s holdings in Hewlett Packard Enterprise were worth $927,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Hewlett Packard Enterprise during the 3rd quarter valued at about $25,000. Hara Capital LLC bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $28,000. Tandem Financial LLC bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $32,000. R Squared Ltd bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $45,000. Finally, Quest Partners LLC bought a new position in shares of Hewlett Packard Enterprise during the 3rd quarter valued at about $50,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Up 0.7 %

NYSE:HPE opened at $15.95 on Wednesday. The firm has a market capitalization of $20.95 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a twelve month low of $14.64 and a twelve month high of $24.66. The stock’s 50 day moving average price is $20.57 and its two-hundred day moving average price is $20.55. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is presently 25.37%.

Analyst Ratings Changes

Several research firms have recently weighed in on HPE. Loop Capital cut their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, March 10th. Morgan Stanley dropped their target price on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. StockNews.com lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Barclays dropped their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Finally, 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 research report on Thursday, December 19th. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.27.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the transaction, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is owned by insiders.

About Hewlett Packard Enterprise

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.