Rise Advisors LLC Sells 637 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Rise Advisors LLC lessened its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 31.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,362 shares of the technology company’s stock after selling 637 shares during the quarter. Rise Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $29,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HPE. Commonwealth Equity Services LLC increased its stake in Hewlett Packard Enterprise by 3.9% during the second quarter. Commonwealth Equity Services LLC now owns 168,995 shares of the technology company’s stock worth $3,578,000 after acquiring an additional 6,390 shares during the last quarter. Larson Financial Group LLC boosted its position in Hewlett Packard Enterprise by 914.3% in the 2nd quarter. Larson Financial Group LLC now owns 4,544 shares of the technology company’s stock valued at $96,000 after buying an additional 4,096 shares during the period. TD Asset Management Inc grew its stake in Hewlett Packard Enterprise by 8.4% in the 2nd quarter. TD Asset Management Inc now owns 984,484 shares of the technology company’s stock worth $20,842,000 after acquiring an additional 76,544 shares in the last quarter. Savant Capital LLC increased its position in shares of Hewlett Packard Enterprise by 3.5% during the second quarter. Savant Capital LLC now owns 147,781 shares of the technology company’s stock worth $3,129,000 after acquiring an additional 4,977 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $360,000. Institutional investors own 80.78% of the company’s stock.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the 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 of the company’s stock, valued at $2,445,386.24. This represents a 32.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the executive vice president now 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 570,589 shares of company stock valued at $12,216,858. 0.40% of the stock is owned by company insiders.

Hewlett Packard Enterprise Price Performance

NYSE HPE traded down $0.27 during trading hours on Tuesday, reaching $22.58. The company’s stock had a trading volume of 6,554,151 shares, compared to its average volume of 12,026,117. The firm has a market capitalization of $29.70 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 2.02 and a beta of 1.20. The company’s 50-day moving average is $21.49 and its two-hundred day moving average is $20.21. 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 $14.47 and a 1-year high of $24.24.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.30%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.37%.

Analyst Upgrades and Downgrades

Several research analysts have commented on HPE shares. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $23.00 to $29.00 in a report on Monday, November 18th. Stifel Nicolaus boosted their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $23.00 to $26.00 in a report on Friday, December 6th. Finally, Loop Capital boosted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

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.