Phillips Wealth Planners LLC Buys 6,722 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Phillips Wealth Planners LLC grew its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 43.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,266 shares of the technology company’s stock after buying an additional 6,722 shares during the quarter. Phillips Wealth Planners LLC’s holdings in Hewlett Packard Enterprise were worth $492,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new stake in Hewlett Packard Enterprise during the 3rd quarter worth about $25,000. Valley Wealth Managers Inc. bought a new stake in Hewlett Packard Enterprise during the 3rd quarter worth about $26,000. Financial Management Professionals Inc. lifted its position in Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after buying an additional 637 shares in the last quarter. Rise Advisors LLC lifted its position in Hewlett Packard Enterprise by 45.5% during the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock worth $41,000 after buying an additional 625 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in Hewlett Packard Enterprise during the 3rd quarter worth about $48,000. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Trading Up 3.0 %

HPE opened at $24.42 on Thursday. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company has a market cap of $32.11 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 2.20 and a beta of 1.20. The company has a fifty day moving average price of $21.91 and a two-hundred day moving average price of $20.35.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is presently 27.37%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $23.00 to $26.00 in a research note on Friday, December 6th. Barclays boosted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $23.00 to $28.00 in a research note on Thursday, December 5th. StockNews.com lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Finally, Loop Capital upped their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.00.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were 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. The trade was a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 104,192 shares in the company, valued at approximately $2,445,386.24. This trade represents a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 332,166 shares of company stock valued at $7,300,629 over the last three months. Corporate insiders own 0.40% of the company’s stock.

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.