44 Wealth Management LLC Sells 1,407 Shares of Hewlett Packard Enterprise (NYSE:HPE)

44 Wealth Management LLC lowered its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,908 shares of the technology company’s stock after selling 1,407 shares during the quarter. 44 Wealth Management LLC’s holdings in Hewlett Packard Enterprise were worth $553,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Turning Point Benefit Group Inc. bought a new position in Hewlett Packard Enterprise during the fourth quarter valued at about $347,000. Bell Bank grew its position in Hewlett Packard Enterprise by 11.3% during the fourth quarter. Bell Bank now owns 183,755 shares of the technology company’s stock valued at $3,923,000 after buying an additional 18,625 shares during the period. Allianz Asset Management GmbH boosted its position in Hewlett Packard Enterprise by 5.4% during the fourth quarter. Allianz Asset Management GmbH now owns 4,270,715 shares of the technology company’s stock worth $91,180,000 after purchasing an additional 217,544 shares during the period. Waterfront Wealth Inc. boosted its position in Hewlett Packard Enterprise by 0.4% during the fourth quarter. Waterfront Wealth Inc. now owns 129,698 shares of the technology company’s stock worth $2,769,000 after purchasing an additional 524 shares during the period. Finally, Capital Investment Counsel Inc boosted its position in Hewlett Packard Enterprise by 9.9% during the fourth quarter. Capital Investment Counsel Inc now owns 45,369 shares of the technology company’s stock worth $969,000 after purchasing an additional 4,100 shares during the period. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 2.6 %

HPE stock opened at $21.17 on Friday. The company has a market capitalization of $27.80 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.66. The company’s 50 day moving average price is $21.96 and its two-hundred day moving average price is $20.58. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were paid 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 was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 27.37%.

Insiders Place Their Bets

In related news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the transaction, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the completion of the transaction, the director now directly owns 104,192 shares in the company, valued at approximately $2,445,386.24. The trade was a 32.43 % 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 valued at $7,300,629. 0.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HPE shares. StockNews.com lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Barclays increased their target price on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Loop Capital raised their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price objective for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Finally, Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

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.