First National Trust Co Has $371,000 Holdings in Hewlett Packard Enterprise (NYSE:HPE)

First National Trust Co cut its stake in Hewlett Packard Enterprise (NYSE:HPE) by 52.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 17,383 shares of the technology company’s stock after selling 19,392 shares during the quarter. First National Trust Co’s holdings in Hewlett Packard Enterprise were worth $371,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HPE. Los Angeles Capital Management LLC raised its holdings in shares of Hewlett Packard Enterprise by 84.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 31,437 shares of the technology company’s stock valued at $643,000 after purchasing an additional 14,430 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of Hewlett Packard Enterprise by 252.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,761 shares of the technology company’s stock valued at $56,000 after purchasing an additional 1,977 shares during the period. Empower Advisory Group LLC bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $201,000. KBC Group NV raised its holdings in shares of Hewlett Packard Enterprise by 9.9% in the 3rd quarter. KBC Group NV now owns 797,184 shares of the technology company’s stock valued at $16,310,000 after purchasing an additional 71,704 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Hewlett Packard Enterprise by 7.1% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 38,231 shares of the technology company’s stock valued at $782,000 after purchasing an additional 2,518 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $15.68 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $20.60 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 2.03 and a beta of 1.20. The firm’s 50 day simple moving average is $20.84 and its 200 day simple moving average is $20.59. Hewlett Packard Enterprise has a 1 year low of $14.64 and a 1 year high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be given a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.32%. Hewlett Packard Enterprise’s dividend payout ratio is currently 25.37%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HPE shares. Daiwa America cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Thursday, December 19th. Citigroup raised shares of 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 report on Friday, December 6th. Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target on the stock. in a report on Wednesday. Finally, Stifel Nicolaus increased their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and a consensus target price of $21.27.

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.