Hewlett Packard Enterprise (NYSE:HPE) Stock Holdings Cut by Benson Investment Management Company Inc.

Benson Investment Management Company Inc. lessened its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 289,255 shares of the technology company’s stock after selling 1,880 shares during the quarter. Hewlett Packard Enterprise accounts for about 2.6% of Benson Investment Management Company Inc.’s holdings, making the stock its 9th biggest holding. Benson Investment Management Company Inc.’s holdings in Hewlett Packard Enterprise were worth $6,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new stake in Hewlett Packard Enterprise during the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter worth $26,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at about $28,000. Financial Management Professionals Inc. grew its holdings in 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 acquiring an additional 637 shares during the period. Finally, Rise Advisors LLC increased its holdings in Hewlett Packard Enterprise by 45.5% in the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock valued at $41,000 after buying an additional 625 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Trading Down 0.4 %

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

Hewlett Packard Enterprise Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HPE. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $23.00 to $29.00 in a report on Monday, November 18th. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Thursday, December 19th. Susquehanna reissued a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Finally, Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price target for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Six investment 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Insider Activity

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the business’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 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jeremy Cox sold 7,771 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the transaction, the senior vice president now directly owns 61,735 shares of the company’s stock, valued at $1,419,905. The trade was a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 332,166 shares of company stock worth $7,300,629. Company insiders own 0.40% 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.