Vest Financial LLC Purchases 5,470 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Vest Financial LLC boosted its position in Hewlett Packard Enterprise (NYSE:HPE) by 25.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 26,951 shares of the technology company’s stock after acquiring an additional 5,470 shares during the period. Vest Financial LLC’s holdings in Hewlett Packard Enterprise were worth $575,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Atomi Financial Group Inc. lifted its stake in shares of Hewlett Packard Enterprise by 5.2% during the 3rd quarter. Atomi Financial Group Inc. now owns 12,910 shares of the technology company’s stock valued at $264,000 after buying an additional 636 shares in the last quarter. CWM LLC lifted its position in shares of Hewlett Packard Enterprise by 145.3% during the third quarter. CWM LLC now owns 152,041 shares of the technology company’s stock worth $3,111,000 after acquiring an additional 90,062 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Hewlett Packard Enterprise by 510.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 13,990 shares of the technology company’s stock worth $288,000 after acquiring an additional 11,700 shares during the period. Ritholtz Wealth Management grew its position in shares of Hewlett Packard Enterprise by 27.5% in the third quarter. Ritholtz Wealth Management now owns 67,411 shares of the technology company’s stock valued at $1,379,000 after purchasing an additional 14,544 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake 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 purchasing an additional 10,171 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Trading Down 0.4 %

HPE stock opened at $21.27 on Monday. The company has a market capitalization of $27.97 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 1.98 and a beta of 1.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.66. The company’s 50 day moving average price is $22.06 and its two-hundred day moving average price is $20.46.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.37%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HPE shares. Loop Capital lifted their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Thursday, December 19th. Barclays lifted their price objective on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. StockNews.com lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Finally, Stifel Nicolaus lifted their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 7,771 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the completion of the sale, the senior vice president now directly owns 61,735 shares in the company, valued at $1,419,905. This represents a 11.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the sale, the executive vice president now directly owns 270,430 shares in the company, 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 sold a total of 332,166 shares of company stock worth $7,300,629 over the last three months. Company insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise 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.