Investors Asset Management of Georgia Inc. GA ADV Sells 707 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Investors Asset Management of Georgia Inc. GA ADV trimmed its stake in Hewlett Packard Enterprise (NYSE:HPE) by 2.4% in the 4th quarter, HoldingsChannel reports. The fund owned 28,344 shares of the technology company’s stock after selling 707 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Hewlett Packard Enterprise were worth $605,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Eagle Asset Management Inc. grew its stake in Hewlett Packard Enterprise by 3,537.0% in the third quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock valued at $127,571,000 after purchasing an additional 5,629,006 shares during the last quarter. Mizuho Markets Americas LLC purchased a new stake in Hewlett Packard Enterprise during the third quarter valued at approximately $105,185,000. Pacer Advisors Inc. grew its holdings in Hewlett Packard Enterprise by 18.1% in the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after purchasing an additional 4,194,213 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Hewlett Packard Enterprise by 35.1% during the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock worth $155,142,000 after purchasing an additional 1,885,559 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Hewlett Packard Enterprise by 61.6% in the 3rd quarter. National Bank of Canada FI now owns 3,504,681 shares of the technology company’s stock worth $71,706,000 after purchasing an additional 1,335,318 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HPE. Barclays upped their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Stifel Nicolaus boosted their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Loop Capital raised their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Thursday, December 19th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Insider Transactions 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 on Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the transaction, the senior vice president now owns 61,735 shares in the company, valued at approximately $1,419,905. This trade represents a 11.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John F. Schultz sold 262,818 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 270,430 shares in the company, valued at $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 332,166 shares of company stock valued at $7,300,629 in the last 90 days. 0.36% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $21.73 on Friday. The stock has a market cap of $28.53 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $24.66. The business has a 50-day simple moving average of $21.97 and a 200-day simple moving average of $20.58. 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. Shareholders of record on Friday, December 20th were given a $0.13 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.39%. Hewlett Packard Enterprise’s dividend payout ratio is presently 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.