Kintegral Advisory LLC Lowers Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Kintegral Advisory LLC decreased its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,524 shares of the technology company’s stock after selling 5,428 shares during the quarter. Kintegral Advisory LLC’s holdings in Hewlett Packard Enterprise were worth $2,503,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Creative Planning boosted its stake in shares of Hewlett Packard Enterprise by 3.2% during the third quarter. Creative Planning now owns 197,019 shares of the technology company’s stock worth $4,031,000 after buying an additional 6,098 shares during the period. Sequoia Financial Advisors LLC lifted its position in Hewlett Packard Enterprise by 3.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 20,072 shares of the technology company’s stock worth $411,000 after acquiring an additional 741 shares during the period. Signaturefd LLC grew its stake in shares of Hewlett Packard Enterprise by 3.7% in the 3rd quarter. Signaturefd LLC now owns 27,322 shares of the technology company’s stock valued at $559,000 after purchasing an additional 978 shares during the last quarter. Eastern Bank acquired a new position in shares of Hewlett Packard Enterprise in the third quarter valued at approximately $192,000. Finally, Private Advisor Group LLC raised its stake in shares of Hewlett Packard Enterprise by 29.0% during the third quarter. Private Advisor Group LLC now owns 66,673 shares of the technology company’s stock worth $1,364,000 after purchasing an additional 14,985 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HPE. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Loop Capital increased their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. Barclays boosted their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $23.00 to $29.00 in a report on Monday, November 18th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $24.00.

Insider Activity at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 50,000 shares of the 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 sale, the director now owns 104,192 shares of the company’s stock, valued at $2,445,386.24. This trade represents a 32.43 % 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 7,771 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the completion of 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 332,166 shares of company stock valued at $7,300,629. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Down 2.6 %

HPE opened at $21.17 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The company has a market cap of $27.80 billion, a price-to-earnings ratio of 11.14, a PEG 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 business’s fifty day moving average is $21.96 and its two-hundred day moving average is $20.58.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were given a $0.13 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.46%. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.37%.

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.