Capital Investment Counsel Inc Grows Position in Hewlett Packard Enterprise (NYSE:HPE)

Capital Investment Counsel Inc grew its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 9.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 45,369 shares of the technology company’s stock after purchasing an additional 4,100 shares during the quarter. Capital Investment Counsel Inc’s holdings in Hewlett Packard Enterprise were worth $969,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Hewlett Packard Enterprise during the third quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new stake in Hewlett Packard Enterprise in the 3rd quarter worth about $26,000. Hara Capital LLC purchased a new stake in Hewlett Packard Enterprise in the 4th quarter valued at about $28,000. Financial Management Professionals Inc. lifted its position in shares of Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after buying an additional 637 shares in the last quarter. Finally, Tandem Financial LLC purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $32,000. Institutional investors own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In other news, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the completion of the transaction, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of 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 disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock valued at $7,300,629 over the last three months. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $21.73 on Friday. The stock has a fifty day simple moving average of $21.97 and a two-hundred day simple moving average of $20.58. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.66. The firm has a market cap of $28.53 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 2.02 and a beta of 1.19. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.37%.

Analyst Ratings Changes

A number of brokerages recently commented on HPE. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price target for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Thursday, December 19th. Finally, Barclays increased their price target on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $24.00.

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.