Abacus Planning Group Inc. Purchases 609 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Abacus Planning Group Inc. lifted its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 27,165 shares of the technology company’s stock after buying an additional 609 shares during the period. Abacus Planning Group Inc.’s holdings in Hewlett Packard Enterprise were worth $580,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. increased its holdings in Hewlett Packard Enterprise by 6.2% in the fourth quarter. Mather Group LLC. now owns 7,557 shares of the technology company’s stock worth $161,000 after purchasing an additional 440 shares in the last quarter. Lakewood Asset Management LLC increased its stake in shares of Hewlett Packard Enterprise by 0.4% in the 4th quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company’s stock valued at $2,242,000 after acquiring an additional 457 shares in the last quarter. Essex Financial Services Inc. boosted its stake in Hewlett Packard Enterprise by 3.6% during the fourth quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company’s stock worth $286,000 after acquiring an additional 461 shares in the last quarter. Westside Investment Management Inc. grew its holdings in Hewlett Packard Enterprise by 0.8% in the fourth quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock worth $1,335,000 after purchasing an additional 475 shares during the period. Finally, True Link Financial Advisors LLC increased its stake in Hewlett Packard Enterprise by 4.3% in the fourth quarter. True Link Financial Advisors LLC now owns 13,546 shares of the technology company’s stock valued at $289,000 after purchasing an additional 560 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise 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 sale, the director now owns 104,192 shares of the company’s stock, valued at approximately $2,445,386.24. The trade was a 32.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $23.00, for a total value of $178,733.00. Following the transaction, the senior vice president now directly owns 61,735 shares of the company’s stock, valued at approximately $1,419,905. This trade represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 332,166 shares of company stock valued at $7,300,629. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Trading Up 0.1 %

Shares of HPE stock opened at $21.80 on Thursday. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $24.66. The company has a 50-day simple moving average of $21.97 and a two-hundred day simple moving average of $20.57. 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 company has a market capitalization of $28.63 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 2.01 and a beta of 1.19.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is 27.37%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HPE shares. StockNews.com cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Stifel Nicolaus increased their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $23.00 to $26.00 in a report on Friday, December 6th. Loop Capital increased their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Finally, Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Six investment 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.