Whittier Trust Co. Trims Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Whittier Trust Co. reduced its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 8.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,762 shares of the technology company’s stock after selling 2,098 shares during the period. Whittier Trust Co.’s holdings in Hewlett Packard Enterprise were worth $464,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Kathmere Capital Management LLC lifted its holdings in Hewlett Packard Enterprise by 87.2% during the fourth quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company’s stock valued at $544,000 after purchasing an additional 11,869 shares in the last quarter. Lebenthal Global Advisors LLC raised its position in shares of Hewlett Packard Enterprise by 83.7% during the 4th quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock valued at $771,000 after purchasing an additional 16,447 shares during the period. Nordea Investment Management AB lifted its stake in shares of Hewlett Packard Enterprise by 35.1% during the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after buying an additional 1,885,559 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 78.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company’s stock worth $19,545,000 after buying an additional 401,016 shares during the period. Finally, USA Financial Formulas purchased a new stake in Hewlett Packard Enterprise in the 4th quarter worth $617,000. 80.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the sale, the senior vice president now owns 48,615 shares of the company’s stock, valued at $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.36% of the stock is owned by insiders.

Hewlett Packard Enterprise Trading Down 0.9 %

Shares of HPE stock opened at $16.09 on Friday. The company has a market cap of $21.13 billion, a PE ratio of 8.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The stock’s 50 day simple moving average is $20.22 and its two-hundred day simple moving average is $20.48. 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 declared a quarterly dividend, which will be paid on Friday, April 18th. Investors 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 3.23%. Hewlett Packard Enterprise’s dividend payout ratio is presently 25.37%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Stifel Nicolaus upped their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research note 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 objective on the stock. in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Thursday, December 19th. Finally, StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and an average target price of $21.27.

Hewlett Packard Enterprise 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.