Sharp Financial Services LLC Has $226,000 Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Sharp Financial Services LLC lessened its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 13.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,600 shares of the technology company’s stock after selling 1,600 shares during the period. Sharp Financial Services LLC’s holdings in Hewlett Packard Enterprise were worth $226,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HPE. Envestnet Asset Management Inc. raised its position in Hewlett Packard Enterprise by 28.0% in the second quarter. Envestnet Asset Management Inc. now owns 535,230 shares of the technology company’s stock worth $11,331,000 after purchasing an additional 117,243 shares in the last quarter. Blair William & Co. IL raised its position in Hewlett Packard Enterprise by 2.1% in the second quarter. Blair William & Co. IL now owns 45,975 shares of the technology company’s stock worth $973,000 after purchasing an additional 948 shares in the last quarter. Profund Advisors LLC raised its position in Hewlett Packard Enterprise by 6.7% in the second quarter. Profund Advisors LLC now owns 26,293 shares of the technology company’s stock worth $557,000 after purchasing an additional 1,649 shares in the last quarter. ProShare Advisors LLC raised its position in Hewlett Packard Enterprise by 7.0% in the second quarter. ProShare Advisors LLC now owns 242,196 shares of the technology company’s stock worth $5,127,000 after purchasing an additional 15,941 shares in the last quarter. Finally, Frank Rimerman Advisors LLC raised its position in Hewlett Packard Enterprise by 21,252.1% in the second quarter. Frank Rimerman Advisors LLC now owns 15,587 shares of the technology company’s stock worth $330,000 after purchasing an additional 15,514 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on HPE shares. Stifel Nicolaus raised their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Loop Capital raised their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $23.00 to $26.00 in a report on Friday, December 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 for the company in a report on Thursday, December 19th. Finally, Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $23.00 to $29.00 in a report on Monday, November 18th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction on 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the transaction, the senior vice president now directly owns 48,615 shares in the company, valued at approximately $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock opened at $24.42 on Thursday. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $24.66. The stock has a market cap of $32.11 billion, a PE ratio of 12.85, a PEG ratio of 2.20 and a beta of 1.20. 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 firm’s 50 day moving average price is $21.91 and its two-hundred day moving average price is $20.35.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.13%. Hewlett Packard Enterprise’s 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.