Vest Financial LLC Boosts Stake in Hewlett Packard Enterprise (NYSE:HPE)

Vest Financial LLC increased its position in Hewlett Packard Enterprise (NYSE:HPE) by 25.5% in the fourth quarter, HoldingsChannel reports. The firm owned 26,951 shares of the technology company’s stock after purchasing an additional 5,470 shares during the quarter. Vest Financial LLC’s holdings in Hewlett Packard Enterprise were worth $575,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Mather Group LLC. grew its position in shares of Hewlett Packard Enterprise by 6.2% during the 4th quarter. Mather Group LLC. now owns 7,557 shares of the technology company’s stock valued at $161,000 after acquiring an additional 440 shares during the period. Lakewood Asset Management LLC lifted its position in Hewlett Packard Enterprise by 0.4% during the fourth quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company’s stock valued at $2,242,000 after purchasing an additional 457 shares in the last quarter. Westside Investment Management Inc. increased its position in Hewlett Packard Enterprise by 0.8% in the fourth quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock worth $1,335,000 after buying an additional 475 shares in the last quarter. True Link Financial Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 4.3% in the fourth quarter. True Link Financial Advisors LLC now owns 13,546 shares of the technology company’s stock worth $289,000 after buying an additional 560 shares during the period. Finally, Avior Wealth Management LLC lifted its position in shares of Hewlett Packard Enterprise by 6.4% during the 3rd quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company’s stock valued at $198,000 after buying an additional 579 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HPE has been the subject of several analyst reports. Stifel Nicolaus increased their target price 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. StockNews.com cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price target for the stock from $23.00 to $26.00 in a research note on Friday, December 6th. Finally, Loop Capital boosted their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 104,192 shares in the company, valued at $2,445,386.24. The trade was a 32.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeremy Cox sold 7,771 shares of the business’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 transaction, the senior vice president now owns 61,735 shares of the company’s stock, valued at approximately $1,419,905. The trade was a 11.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 332,166 shares of company stock valued at $7,300,629 over the last ninety days. 0.40% of the stock is owned by insiders.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE opened at $21.27 on Monday. The firm has a fifty day simple moving average of $22.06 and a two-hundred day simple moving average of $20.46. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $24.66. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $27.97 billion, a P/E ratio of 11.19, a PEG ratio of 1.98 and a beta of 1.19.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were given a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.45%. Hewlett Packard Enterprise’s dividend payout ratio is currently 27.37%.

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.