Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Transform Wealth LLC

Transform Wealth LLC decreased its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 2.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 137,245 shares of the technology company’s stock after selling 3,451 shares during the quarter. Transform Wealth LLC’s holdings in Hewlett Packard Enterprise were worth $2,948,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Marshall Wace LLP raised its stake in shares of Hewlett Packard Enterprise by 3,228.2% during the 2nd quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company’s stock worth $186,831,000 after buying an additional 8,560,086 shares during the period. Eagle Asset Management Inc. raised its position in Hewlett Packard Enterprise by 3,537.0% during the third quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock worth $127,571,000 after acquiring an additional 5,629,006 shares during the period. Mizuho Markets Americas LLC purchased a new position in Hewlett Packard Enterprise during the third quarter valued at $105,185,000. Pacer Advisors Inc. grew its position in shares of 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 valued at $560,274,000 after purchasing an additional 4,194,213 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Hewlett Packard Enterprise by 92.5% during the third quarter. Raymond James & Associates now owns 4,404,520 shares of the technology company’s stock worth $90,116,000 after purchasing an additional 2,116,824 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Susquehanna reissued a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $23.00 to $26.00 in a research note on Friday, December 6th. Barclays increased their target price on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, StockNews.com lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.00.

Insider Activity

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the sale, the executive vice president now owns 270,430 shares of the company’s stock, valued at $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 of the company’s stock, valued at approximately $1,419,905. This represents a 11.18 % decrease in their ownership of the stock. 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. Company insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $23.16 on Tuesday. The business’s fifty day simple moving average is $21.87 and its 200-day simple moving average is $20.33. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The firm has a market cap of $30.46 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 2.15 and a beta of 1.20. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $24.24.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.37%.

Hewlett Packard Enterprise Profile

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.