Mystic Asset Management Inc. Takes Position in Hewlett Packard Enterprise (NYSE:HPE)

Mystic Asset Management Inc. bought a new stake in Hewlett Packard Enterprise (NYSE:HPE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,573 shares of the technology company’s stock, valued at approximately $204,000.

Several other institutional investors have also recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC acquired a new position in Hewlett Packard Enterprise during the 3rd quarter worth $25,000. Hara Capital LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth $28,000. Tandem Financial LLC acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at $32,000. R Squared Ltd acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at $45,000. Finally, Quest Partners LLC acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at $50,000. Institutional investors own 80.78% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HPE shares. Wells Fargo & Company cut their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Morgan Stanley lowered their price objective on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Barclays lowered their price objective on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Stifel Nicolaus upped their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Daiwa America cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and a consensus target price of $21.27.

Insiders Place Their Bets

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 transaction of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE opened at $15.95 on Wednesday. The company’s 50 day simple moving average is $20.57 and its 200 day simple moving average is $20.55. The stock has a market capitalization of $20.95 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a 1 year low of $14.64 and a 1 year high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.26%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 25.37%.

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.