Tandem Financial LLC Buys Shares of 1,466 Hewlett Packard Enterprise (NYSE:HPE)

Tandem Financial LLC purchased a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,466 shares of the technology company’s stock, valued at approximately $32,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter worth about $25,000. Valley Wealth Managers Inc. acquired a new position in shares of Hewlett Packard Enterprise in 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 3rd 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 increased its holdings in shares of Hewlett Packard Enterprise by 45.5% in the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock valued at $41,000 after purchasing an additional 625 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.1 %

NYSE HPE opened at $21.35 on Friday. The firm has a market cap of $28.08 billion, a P/E ratio of 11.24, a P/E/G ratio of 1.97 and a beta of 1.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The stock’s 50-day moving average is $22.05 and its 200-day moving average is $20.45. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.37%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,771 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the transaction, the senior vice president now owns 61,735 shares of the company’s stock, valued at $1,419,905. The trade was a 11.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the executive vice president now directly owns 270,430 shares in the company, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. StockNews.com cut Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, December 19th. Loop Capital upped their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Barclays increased their price objective on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.