Claro Advisors LLC Cuts Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Claro Advisors LLC cut its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 21.9% in the 4th quarter, HoldingsChannel reports. The firm owned 12,369 shares of the technology company’s stock after selling 3,473 shares during the quarter. Claro Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. increased its holdings in Hewlett Packard Enterprise by 14,953.2% during the second quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company’s stock worth $490,925,000 after buying an additional 23,035,594 shares during the last quarter. Marshall Wace LLP grew its position in shares of Hewlett Packard Enterprise by 3,228.2% during the 2nd quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company’s stock valued at $186,831,000 after acquiring an additional 8,560,086 shares during the period. Eagle Asset Management Inc. increased its stake in shares of Hewlett Packard Enterprise by 3,537.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock worth $127,571,000 after purchasing an additional 5,629,006 shares during the last quarter. Mizuho Markets Americas LLC bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth approximately $105,185,000. Finally, Raymond James & Associates lifted its stake in Hewlett Packard Enterprise by 92.5% in the third quarter. Raymond James & Associates now owns 4,404,520 shares of the technology company’s stock valued at $90,116,000 after purchasing an additional 2,116,824 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HPE has been the subject of a number of recent research reports. Stifel Nicolaus raised their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. StockNews.com cut Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Citigroup upgraded shares of 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 research report on Friday, December 6th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. Finally, Susquehanna restated a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.00.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $23.31 on Thursday. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $24.24. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company has a market cap of $30.66 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 2.02 and a beta of 1.20. The stock has a 50-day moving average price of $21.75 and a 200-day moving average price of $20.26.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be paid a $0.13 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.23%. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.37%.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the transaction, the senior vice president now directly owns 48,615 shares in the company, valued at approximately $1,118,145. This represents a 19.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 104,192 shares in the company, valued at approximately $2,445,386.24. This represents a 32.43 % 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 in the last quarter. Corporate insiders own 0.40% of the company’s stock.

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.