Gibraltar Capital Management Inc. Has $233,000 Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Gibraltar Capital Management Inc. trimmed its position in Hewlett Packard Enterprise (NYSE:HPE) by 10.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,900 shares of the technology company’s stock after selling 1,279 shares during the period. Gibraltar Capital Management Inc.’s holdings in Hewlett Packard Enterprise were worth $233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new position in shares of Hewlett Packard Enterprise in the third quarter valued at approximately $26,000. Hara Capital LLC acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $28,000. Tandem Financial LLC bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $32,000. Finally, R Squared Ltd acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $45,000. Institutional investors own 80.78% of the company’s stock.

Analysts Set New Price Targets

HPE has been the subject of a number of research reports. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Barclays lifted their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Loop Capital boosted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, StockNews.com downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Six equities research 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the transaction, the executive vice president now owns 270,430 shares in the company, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of the business’s stock in a transaction dated 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 directly owns 61,735 shares of the company’s stock, 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 have sold a total of 332,166 shares of company stock worth $7,300,629 in the last ninety days. Corporate insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $20.33 on Wednesday. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $24.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The firm has a market cap of $26.70 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. The firm’s fifty day moving average is $21.90 and its 200-day moving average is $20.71.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.56%. Hewlett Packard Enterprise’s dividend payout ratio is presently 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.