Wealth Advisors Northwest LLC Takes $474,000 Position in Hewlett Packard Enterprise (NYSE:HPE)

Wealth Advisors Northwest LLC bought a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) during the fourth quarter, Holdings Channel reports. The firm bought 22,217 shares of the technology company’s stock, valued at approximately $474,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Hewlett Packard Enterprise by 510.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 13,990 shares of the technology company’s stock valued at $288,000 after purchasing an additional 11,700 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Hewlett Packard Enterprise by 381.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 12,840 shares of the technology company’s stock valued at $263,000 after buying an additional 10,171 shares during the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of Hewlett Packard Enterprise by 10.2% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 8,293 shares of the technology company’s stock valued at $170,000 after buying an additional 766 shares during the last quarter. Creative Planning grew its stake in shares of Hewlett Packard Enterprise by 3.2% during the 3rd quarter. Creative Planning now owns 197,019 shares of the technology company’s stock worth $4,031,000 after acquiring an additional 6,098 shares during the period. Finally, Benson Investment Management Company Inc. purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter worth about $5,957,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,771 shares of the firm’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 owns 61,735 shares in the company, valued at $1,419,905. This trade represents a 11.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the sale, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 332,166 shares of company stock valued at $7,300,629 over the last three months. 0.40% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $21.16 on Wednesday. The stock’s 50-day simple moving average is $22.07 and its two-hundred day simple moving average is $20.47. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.66. The firm has a market capitalization of $27.83 billion, a P/E ratio of 11.14, a P/E/G ratio of 1.98 and a beta of 1.19. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.37%.

Wall Street Analyst Weigh In

Several research firms have commented on HPE. Deutsche Bank Aktiengesellschaft raised shares of 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. Loop Capital upped their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Barclays lifted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Finally, Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price target for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and an average price target of $24.00.

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.