Benson Investment Management Company Inc. Has $6.18 Million Stake in Hewlett Packard Enterprise (NYSE:HPE)

Benson Investment Management Company Inc. trimmed its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 0.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 289,255 shares of the technology company’s stock after selling 1,880 shares during the quarter. Hewlett Packard Enterprise accounts for approximately 2.6% of Benson Investment Management Company Inc.’s investment portfolio, making the stock its 9th largest holding. Benson Investment Management Company Inc.’s holdings in Hewlett Packard Enterprise were worth $6,176,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in Hewlett Packard Enterprise during the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. acquired a new position in Hewlett Packard Enterprise in the third quarter worth $26,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Hewlett Packard Enterprise during the second quarter worth $28,000. Financial Management Professionals Inc. increased its stake 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 buying an additional 637 shares in the last quarter. Finally, Rise Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise by 45.5% in the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock valued at $41,000 after buying an additional 625 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on HPE. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. Stifel Nicolaus raised their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Thursday, December 19th. Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their target price for the company from $21.00 to $24.00 in a research note on Tuesday, September 17th. Finally, Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Hewlett Packard Enterprise Stock Down 0.4 %

Hewlett Packard Enterprise stock opened at $21.99 on Tuesday. The firm has a market capitalization 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 company’s 50 day simple moving average is $21.70 and its 200 day simple moving average is $20.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.24.

Hewlett Packard Enterprise Announces Dividend

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

Insider Activity

In other news, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were 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 owns 104,192 shares in the company, valued at $2,445,386.24. This represents a 32.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeremy Cox sold 7,771 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the sale, the senior vice president now owns 61,735 shares in the company, valued at approximately $1,419,905. The trade was a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock valued at $7,300,629 in the last quarter. Company insiders own 0.40% of the company’s stock.

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.