Perigon Wealth Management LLC Increases Stake in Hewlett Packard Enterprise (NYSE:HPE)

Perigon Wealth Management LLC boosted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,793 shares of the technology company’s stock after purchasing an additional 1,671 shares during the period. Perigon Wealth Management LLC’s holdings in Hewlett Packard Enterprise were worth $955,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HPE. RPg Family Wealth Advisory LLC purchased a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at $25,000. Valley Wealth Managers Inc. purchased a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at about $26,000. Financial Management Professionals Inc. increased its holdings in shares of Hewlett Packard Enterprise by 80.3% in the third 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 period. Rise Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 45.5% in the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock worth $41,000 after purchasing an additional 625 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Hewlett Packard Enterprise in the third quarter worth about $48,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $21.18 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The stock has a market capitalization of $27.85 billion, a PE ratio of 11.14, a P/E/G ratio of 2.27 and a beta of 1.20. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.66. The company has a fifty day moving average of $22.13 and a two-hundred day moving average of $20.44.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.37%.

Insiders Place Their Bets

In other news, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise 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 directly 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 legal filing with the SEC, which is available at this link. Also, SVP Jeremy Cox sold 7,771 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $23.00, for a total value of $178,733.00. Following the completion of the transaction, the senior vice president now owns 61,735 shares in the company, valued at $1,419,905. The trade was a 11.18 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 332,166 shares of company stock worth $7,300,629. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HPE shares. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Thursday, December 19th. Barclays raised their target price on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Loop Capital increased their price target on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, Susquehanna restated a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

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.