Forvis Mazars Wealth Advisors LLC Grows Stake in Hewlett Packard Enterprise (NYSE:HPE)

Forvis Mazars Wealth Advisors LLC grew its position in Hewlett Packard Enterprise (NYSE:HPE) by 13.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,028 shares of the technology company’s stock after purchasing an additional 1,468 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $257,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Howard Capital Management Inc. grew its holdings in shares of Hewlett Packard Enterprise by 1.8% during the fourth quarter. Howard Capital Management Inc. now owns 201,501 shares of the technology company’s stock valued at $4,302,000 after buying an additional 3,592 shares during the last quarter. Cowa LLC grew its holdings in shares of Hewlett Packard Enterprise by 332.8% during the fourth quarter. Cowa LLC now owns 47,609 shares of the technology company’s stock valued at $1,016,000 after buying an additional 36,609 shares during the last quarter. Sigma Planning Corp grew its holdings in shares of Hewlett Packard Enterprise by 2.6% during the fourth quarter. Sigma Planning Corp now owns 38,083 shares of the technology company’s stock valued at $813,000 after buying an additional 958 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at $347,000. Finally, Bell Bank grew its holdings in shares of Hewlett Packard Enterprise by 11.3% during the fourth quarter. Bell Bank now owns 183,755 shares of the technology company’s stock valued at $3,923,000 after buying an additional 18,625 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the transaction, the senior vice president now owns 48,615 shares in the company, valued at $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 is available at the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the transaction, the director now owns 104,192 shares of the company’s stock, valued at approximately $2,445,386.24. This trade represents a 32.43 % 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 in the last 90 days. Insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

HPE has been the topic of a number of research analyst reports. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $23.00 to $29.00 in a report on Monday, November 18th. Stifel Nicolaus upped their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price target for the company from $23.00 to $26.00 in a report on Friday, December 6th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $23.00 to $28.00 in a report on Thursday, December 5th. Finally, Loop Capital upped their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a report on Monday, December 9th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Hewlett Packard Enterprise Trading Down 1.9 %

Shares of Hewlett Packard Enterprise stock opened at $20.75 on Tuesday. The firm has a 50-day simple moving average of $21.93 and a two-hundred day simple moving average of $20.69. The company has a market cap of $27.25 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.66. 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 Dividend Announcement

The business 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. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.51%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) 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.