Pines Wealth Management LLC Invests $580,000 in Hewlett Packard Enterprise (NYSE:HPE)

Pines Wealth Management LLC acquired a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,275 shares of the technology company’s stock, valued at approximately $580,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC bought a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at $28,000. Choreo LLC purchased a new stake in Hewlett Packard Enterprise during the second quarter valued at $421,000. American Century Companies Inc. lifted its holdings in Hewlett Packard Enterprise by 424.4% in the second quarter. American Century Companies Inc. now owns 1,447,101 shares of the technology company’s stock valued at $30,635,000 after acquiring an additional 1,171,141 shares during the period. Oppenheimer & Co. Inc. boosted its position in Hewlett Packard Enterprise by 80.9% in the second quarter. Oppenheimer & Co. Inc. now owns 74,667 shares of the technology company’s stock worth $1,581,000 after purchasing an additional 33,390 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in Hewlett Packard Enterprise by 5.9% in the second quarter. Parallel Advisors LLC now owns 35,264 shares of the technology company’s stock worth $747,000 after purchasing an additional 1,970 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HPE shares. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $23.00 to $28.00 in a report on Thursday, December 5th. Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $21.00 to $24.00 in a research note on Tuesday, September 17th. Loop Capital upped their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction dated 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 transaction, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 332,166 shares of company stock valued at $7,300,629. Corporate insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Price Performance

NYSE:HPE opened at $22.48 on Wednesday. The business’s 50-day simple moving average is $21.75 and its two-hundred day simple moving average is $20.26. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $24.24. The stock has a market cap of $29.57 billion, a PE ratio of 11.83, a P/E/G ratio of 2.02 and a beta of 1.20. 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.31%. The ex-dividend date is Friday, December 20th. 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.