Secured Retirement Advisors LLC Sells 1,710 Shares of Hewlett Packard Enterprise Company $HPE

Secured Retirement Advisors LLC cut its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 5.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,228 shares of the technology company’s stock after selling 1,710 shares during the period. Secured Retirement Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $577,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Sivia Capital Partners LLC bought a new position in Hewlett Packard Enterprise during the first quarter valued at about $164,000. Farther Finance Advisors LLC increased its stake in Hewlett Packard Enterprise by 2.3% during the first quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company’s stock valued at $492,000 after acquiring an additional 699 shares during the period. Bruce G. Allen Investments LLC increased its stake in Hewlett Packard Enterprise by 345.0% during the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company’s stock valued at $26,000 after acquiring an additional 1,318 shares during the period. Harbor Capital Advisors Inc. increased its stake in Hewlett Packard Enterprise by 90.6% during the first quarter. Harbor Capital Advisors Inc. now owns 29,055 shares of the technology company’s stock valued at $448,000 after acquiring an additional 13,813 shares during the period. Finally, GAMMA Investing LLC increased its stake in Hewlett Packard Enterprise by 14.4% during the first quarter. GAMMA Investing LLC now owns 17,760 shares of the technology company’s stock valued at $274,000 after acquiring an additional 2,239 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HPE. UBS Group boosted their price target on Hewlett Packard Enterprise from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, September 4th. The Goldman Sachs Group boosted their price target on Hewlett Packard Enterprise from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein began coverage on Hewlett Packard Enterprise in a report on Tuesday, September 16th. They set a “market perform” rating and a $24.00 price objective on the stock. Finally, Susquehanna lifted their price objective on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Hold” and a consensus target price of $25.06.

Hewlett Packard Enterprise Stock Up 0.4%

NYSE HPE opened at $24.90 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. The stock’s 50 day moving average is $22.92 and its two-hundred day moving average is $19.42. The company has a market capitalization of $32.85 billion, a price-to-earnings ratio of 30.36, a PEG ratio of 2.59 and a beta of 1.45. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $25.92.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 18th. Hewlett Packard Enterprise’s payout ratio is presently 63.41%.

Insider Transactions at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 166,666 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $22.52, for a total value of $3,753,318.32. Following the transaction, the chief executive officer directly owned 1,919,060 shares of the company’s stock, valued at $43,217,231.20. The trade was a 7.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary M. Reiner sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $24.58, for a total value of $983,200.00. Following the completion of the transaction, the director directly owned 83,869 shares in the company, valued at $2,061,500.02. The trade was a 32.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 543,738 shares of company stock valued at $12,922,932 in the last three months. 0.36% of the stock is owned by corporate insiders.

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.