Greenleaf Trust Sells 1,170 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Greenleaf Trust trimmed its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 4.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 26,257 shares of the technology company’s stock after selling 1,170 shares during the quarter. Greenleaf Trust’s holdings in Hewlett Packard Enterprise were worth $561,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HPE. Lakewood Asset Management LLC raised its holdings in shares of 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 worth $2,242,000 after acquiring an additional 457 shares during the period. Westside Investment Management Inc. increased its holdings in Hewlett Packard Enterprise by 0.8% during the 4th quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock worth $1,335,000 after purchasing 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 4th quarter. True Link Financial Advisors LLC now owns 13,546 shares of the technology company’s stock valued at $289,000 after purchasing an additional 560 shares during the period. Avior Wealth Management LLC lifted its holdings in shares of Hewlett Packard Enterprise by 6.4% in the third quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company’s stock valued at $198,000 after purchasing an additional 579 shares in the last quarter. Finally, Werba Rubin Papier Wealth Management boosted its position in shares of Hewlett Packard Enterprise by 2.5% during the third quarter. Werba Rubin Papier Wealth Management now owns 23,583 shares of the technology company’s stock worth $483,000 after buying an additional 581 shares during the period. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE opened at $20.83 on Wednesday. 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 capitalization of $27.40 billion, a P/E ratio of 10.96, a P/E/G ratio of 1.97 and a beta of 1.19. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.66. The stock has a 50 day moving average of $22.07 and a 200-day moving average of $20.44.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were given a dividend of $0.13 per share. 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 2.50%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 7,771 shares of the company’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 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. This represents a 11.18 % 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 Hewlett Packard Enterprise stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $23.47, for a total value of $1,173,500.00. Following the sale, the director now directly owns 104,192 shares of the company’s stock, valued at approximately $2,445,386.24. The trade was a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 332,166 shares of company stock worth $7,300,629 over the last ninety days. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on HPE. Barclays boosted their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Stifel Nicolaus boosted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research 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 target price for the company in a research report on Thursday, December 19th. Susquehanna restated a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Finally, Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $23.00 to $28.00 in a report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average 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.