Frank Rimerman Advisors LLC Has $494,000 Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Frank Rimerman Advisors LLC grew its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 50.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 23,161 shares of the technology company’s stock after purchasing an additional 7,788 shares during the period. Frank Rimerman Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $494,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HPE. RPg Family Wealth Advisory LLC acquired a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at about $25,000. Hara Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at about $28,000. Tandem Financial LLC acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at about $32,000. R Squared Ltd acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at about $45,000. Finally, Quest Partners LLC acquired a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at about $50,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HPE. Wells Fargo & Company cut their price objective on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Barclays cut their price objective on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Bank of America cut their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, Morgan Stanley cut their price objective on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Nine analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.27.

Hewlett Packard Enterprise Trading Up 6.2 %

NYSE HPE opened at $15.68 on Monday. The company has a market cap of $20.60 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 52 week low of $14.64 and a 52 week high of $24.66. The business has a 50 day moving average price of $20.84 and a 200-day moving average price of $20.60. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.32%. Hewlett Packard Enterprise’s dividend payout ratio is 25.37%.

Insider Activity

In related news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the transaction, the senior vice president now owns 48,615 shares of the company’s stock, valued at $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.36% of the company’s stock.

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.