Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lessened its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,106 shares of the technology company’s stock after selling 1,158 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $1,070,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new position in Hewlett Packard Enterprise in the second quarter valued at approximately $28,000. Choreo LLC acquired a new position in Hewlett Packard Enterprise in the second quarter valued at $421,000. American Century Companies Inc. grew its holdings in shares of Hewlett Packard Enterprise by 424.4% during the second quarter. American Century Companies Inc. now owns 1,447,101 shares of the technology company’s stock worth $30,635,000 after purchasing an additional 1,171,141 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in Hewlett Packard Enterprise by 80.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 74,667 shares of the technology company’s stock worth $1,581,000 after buying an additional 33,390 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Hewlett Packard Enterprise by 5.9% during the second quarter. Parallel Advisors LLC now owns 35,264 shares of the technology company’s stock worth $747,000 after acquiring an additional 1,970 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Barclays upped their target price on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, December 6th. StockNews.com downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $21.00 to $24.00 in a research report on Tuesday, September 17th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price target for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Finally, Stifel Nicolaus increased their target price 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and an average target price of $24.00.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $21.99 on Tuesday. The company has a market capitalization of $28.92 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 2.02 and a beta of 1.20. 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 1 year low of $14.47 and a 1 year high of $24.24. The company’s 50 day simple moving average is $21.70 and its 200 day simple moving average is $20.25.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.37%.

Insider Activity at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $23.47, for a total value of $1,173,500.00. Following the transaction, the director now directly owns 104,192 shares of the company’s stock, valued at $2,445,386.24. The trade was a 32.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John F. Schultz sold 262,818 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the sale, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at $5,846,696.60. The trade was a 49.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 332,166 shares of company stock worth $7,300,629. 0.40% of the stock is currently 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.