Avestar Capital LLC Has $426,000 Position in Hewlett Packard Enterprise (NYSE:HPE)

Avestar Capital LLC raised its position in Hewlett Packard Enterprise (NYSE:HPE) by 39.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,940 shares of the technology company’s stock after acquiring an additional 5,658 shares during the quarter. Avestar Capital LLC’s holdings in Hewlett Packard Enterprise were worth $426,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Ingalls & Snyder LLC lifted its stake in Hewlett Packard Enterprise by 16.1% in the fourth quarter. Ingalls & Snyder LLC now owns 103,029 shares of the technology company’s stock valued at $2,200,000 after acquiring an additional 14,263 shares during the last quarter. Harvey Capital Management Inc. acquired a new stake in Hewlett Packard Enterprise in the fourth quarter valued at $2,579,000. Wealth Advisors Northwest LLC acquired a new stake in Hewlett Packard Enterprise in the fourth quarter valued at $474,000. Essex Financial Services Inc. raised its position in shares of Hewlett Packard Enterprise by 3.6% in the fourth quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company’s stock valued at $286,000 after purchasing an additional 461 shares during the period. Finally, Mill Creek Capital Advisors LLC bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $210,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $21.73 on Friday. The firm’s 50 day simple moving average is $22.04 and its 200 day simple moving average is $20.49. The firm has a market capitalization of $28.58 billion, a price-to-earnings ratio of 11.43, a P/E/G ratio of 1.98 and a beta of 1.19. 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 has a 1 year low of $14.47 and a 1 year high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.37%.

Insider Activity

In related news, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction on 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 completion of the sale, the director now directly owns 104,192 shares in the company, valued at $2,445,386.24. This represents a 32.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeremy Cox sold 7,771 shares of the company’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 sale, 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 quarter, insiders have sold 332,166 shares of company stock worth $7,300,629. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HPE. Loop Capital increased their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $23.00 to $29.00 in a research report on Monday, November 18th. StockNews.com lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Thursday, December 19th. Finally, Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. 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 company. According to MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average target price of $24.00.

Hewlett Packard Enterprise Company 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.