International Assets Investment Management LLC Sells 472,892 Shares of Hewlett Packard Enterprise (NYSE:HPE)

International Assets Investment Management LLC trimmed its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 96.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,200 shares of the technology company’s stock after selling 472,892 shares during the quarter. International Assets Investment Management LLC’s holdings in Hewlett Packard Enterprise were worth $348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. purchased a new position in Hewlett Packard Enterprise during the third quarter valued at $26,000. Ashton Thomas Private Wealth LLC purchased a new stake in Hewlett Packard Enterprise in the second quarter worth about $28,000. Financial Management Professionals Inc. grew its stake in shares of 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 valued at $29,000 after acquiring an additional 637 shares during the period. Finally, Rise Advisors LLC lifted its holdings in Hewlett Packard Enterprise by 45.5% during the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock valued at $41,000 after purchasing an additional 625 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of recent analyst reports. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Barclays lifted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the company from $21.00 to $24.00 in a research note on Tuesday, September 17th. Finally, Stifel Nicolaus lifted their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Six 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 250,000 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $20.73, for a total value of $5,182,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,508,641 shares in the company, valued at $31,274,127.93. This trade represents a 14.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the business’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 directly owns 104,192 shares of the company’s stock, valued at $2,445,386.24. The trade was a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 582,166 shares of company stock worth $12,483,129 over the last three months. Corporate insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $22.14 on Friday. The company’s 50 day moving average is $21.66 and its 200 day moving average is $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. The firm has a market cap of $29.12 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 2.02 and a beta of 1.20. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $24.24.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors 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 yield of 2.35%. Hewlett Packard Enterprise’s payout ratio is 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.