Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lowered its position in Hewlett Packard Enterprise (NYSE:HPE) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 50,106 shares of the technology company’s stock after selling 1,158 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $1,070,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in Hewlett Packard Enterprise in the third quarter valued at $26,000. Ashton Thomas Private Wealth LLC acquired a new position in Hewlett Packard Enterprise during the 2nd quarter worth $28,000. Financial Management Professionals Inc. raised its stake in shares of Hewlett Packard Enterprise by 80.3% in the 3rd 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. Finally, Rise Advisors LLC grew its stake in Hewlett Packard Enterprise by 45.5% in the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock worth $41,000 after purchasing an additional 625 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 50,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of the transaction, the director now directly owns 104,192 shares of the company’s stock, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the transaction, the senior vice president now owns 61,735 shares of the company’s stock, valued at $1,419,905. This represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 332,166 shares of company stock worth $7,300,629. 0.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on HPE. Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Loop Capital boosted their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Stifel Nicolaus upped their price objective 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. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $23.00 to $28.00 in a report on Thursday, December 5th. Finally, StockNews.com lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Six 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $21.99 on Tuesday. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.24. The company has a market cap of $28.92 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 2.02 and a beta of 1.20. The business has a 50 day moving average price of $21.70 and a 200 day moving average price of $20.25. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.36%. The ex-dividend date is Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is currently 27.37%.

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.