Peapack Gladstone Financial Corp Trims Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Peapack Gladstone Financial Corp lessened its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,432 shares of the technology company’s stock after selling 2,457 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Hewlett Packard Enterprise were worth $1,032,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HPE. RPg Family Wealth Advisory LLC purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at $26,000. Hazlett Burt & Watson Inc. raised its position in Hewlett Packard Enterprise by 571.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at $28,000. Finally, Financial Management Professionals Inc. raised its position in Hewlett Packard Enterprise by 80.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock valued at $29,000 after purchasing an additional 637 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, 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 transaction of $1,173,500.00. Following the sale, the director now directly owns 104,192 shares of the company’s stock, valued at $2,445,386.24. This trade represents a 32.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeremy Cox sold 7,770 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the sale, the senior vice president now directly owns 7,771 shares in the company, valued at $163,191. This represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 717,601 shares of company stock valued at $15,140,976. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

HPE has been the subject of several research reports. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 9th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Susquehanna restated a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Barclays upped their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $21.00 to $24.00 in a research report on Tuesday, September 17th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and a consensus price target of $23.79.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $21.83 on Monday. The stock has a market cap of $28.35 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 2.64 and a beta of 1.21. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $24.24. The company’s 50-day moving average price is $21.08 and its 200 day moving average price is $20.05. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.38%. Hewlett Packard Enterprise’s payout ratio is 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.