Wealth Enhancement Advisory Services LLC lessened its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) by 13.5% in the first quarter, Holdings Channel.com reports. The firm owned 175,923 shares of the technology company’s stock after selling 27,360 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Hewlett Packard Enterprise were worth $2,714,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Putney Financial Group LLC bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $25,000. Hara Capital LLC bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $28,000. Ameriflex Group Inc. bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $31,000. Bruce G. Allen Investments LLC boosted its position in shares of Hewlett Packard Enterprise by 345.0% in the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company’s stock valued at $26,000 after acquiring an additional 1,318 shares during the period. Finally, Elequin Capital LP bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $37,000. Institutional investors own 80.78% of the company’s stock.
Hewlett Packard Enterprise Trading Up 0.4%
Shares of HPE opened at $18.44 on Friday. The firm’s 50 day simple moving average is $17.37 and its 200 day simple moving average is $18.65. The company has a market capitalization of $24.19 billion, a P/E ratio of 18.62, a P/E/G ratio of 2.67 and a beta of 1.31. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $24.66.
Hewlett Packard Enterprise Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 52.53%.
Insiders Place Their Bets
In other news, Director Bethany Mayer sold 6,409 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were 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 SEC, which is accessible through this link. Also, EVP Phil Mottram sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $18.50, for a total transaction of $555,000.00. Following the completion of the transaction, the executive vice president now owns 72,427 shares in the company, valued at $1,339,899.50. This represents a 29.29% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on HPE. Evercore ISI upgraded shares of Hewlett Packard Enterprise from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $17.00 to $22.00 in a research report on Tuesday, May 20th. Loop Capital raised their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, June 9th. UBS Group raised their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, June 4th. Daiwa America lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Finally, Susquehanna cut their price objective on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.31.
View Our Latest Report on Hewlett Packard Enterprise
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.
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