Key Financial Inc Has $88,000 Position in Hewlett Packard Enterprise (NYSE:HPE)

Key Financial Inc boosted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 17.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,116 shares of the technology company’s stock after buying an additional 619 shares during the quarter. Key Financial Inc’s holdings in Hewlett Packard Enterprise were worth $88,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new position in Hewlett Packard Enterprise during the 3rd quarter worth about $25,000. Valley Wealth Managers Inc. acquired a new position in Hewlett Packard Enterprise during the 3rd quarter worth about $26,000. Financial Management Professionals Inc. lifted its holdings in Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after buying an additional 637 shares during the period. Tandem Financial LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth about $32,000. Finally, R Squared Ltd acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth about $45,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $21.77 on Wednesday. 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 business has a 50-day simple moving average of $21.97 and a 200 day simple moving average of $20.54. The firm has a market capitalization of $28.63 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 1.98 and a beta of 1.19. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 27.37%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Citigroup raised 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 note on Friday, December 6th. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $23.00 to $29.00 in a research note on Monday, November 18th. 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 research note on Thursday, December 19th. Finally, Loop Capital boosted their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $24.00.

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 sale, the director now directly owns 104,192 shares of the company’s stock, valued at $2,445,386.24. This represents a 32.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $23.00, for a total value of $178,733.00. Following the sale, the senior vice president now directly owns 61,735 shares of the company’s stock, valued at $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 a total of 332,166 shares of company stock valued at $7,300,629 over the last ninety days. 0.40% of the stock is currently owned by insiders.

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.