Rise Advisors LLC Decreases Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Rise Advisors LLC reduced its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 31.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,362 shares of the technology company’s stock after selling 637 shares during the period. Rise Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $29,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at approximately $26,000. Ashton Thomas Private Wealth LLC bought a new position in Hewlett Packard Enterprise in the 2nd quarter worth approximately $28,000. Hazlett Burt & Watson Inc. grew its stake in Hewlett Packard Enterprise by 571.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after buying an additional 1,143 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its position in shares of Hewlett Packard Enterprise by 80.3% in the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock valued at $29,000 after purchasing an additional 637 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the sale, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Antonio F. Neri sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $20.73, for a total value of $5,182,500.00. Following the completion of the transaction, the chief executive officer now owns 1,508,641 shares of the company’s stock, valued at approximately $31,274,127.93. The trade was a 14.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 570,589 shares of company stock worth $12,216,858. 0.40% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Trading Down 1.2 %

Shares of NYSE:HPE traded down $0.27 during trading on Tuesday, reaching $22.58. 6,554,151 shares of the company traded hands, compared to its average volume of 12,026,117. 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 52-week low of $14.47 and a 52-week high of $24.24. The firm has a market capitalization of $29.70 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 2.02 and a beta of 1.20. The business’s fifty day moving average is $21.49 and its 200-day moving average is $20.21.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is 27.37%.

Analysts Set New Price Targets

A number of analysts recently weighed in on HPE shares. Stifel Nicolaus upped their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price target for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Susquehanna restated a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Loop Capital lifted their price target on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, Barclays increased their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Six investment 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

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.