First National Bank & Trust Co. of Newtown Has $322,000 Stake in Hewlett Packard Enterprise (NYSE:HPE)

First National Bank & Trust Co. of Newtown reduced its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,090 shares of the technology company’s stock after selling 1,334 shares during the quarter. First National Bank & Trust Co. of Newtown’s holdings in Hewlett Packard Enterprise were worth $322,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Handelsbanken Fonder AB lifted its holdings in Hewlett Packard Enterprise by 20.8% during the 4th quarter. Handelsbanken Fonder AB now owns 842,932 shares of the technology company’s stock valued at $17,997,000 after purchasing an additional 145,017 shares during the last quarter. Ieq Capital LLC increased its holdings in shares of Hewlett Packard Enterprise by 224.7% during the fourth quarter. Ieq Capital LLC now owns 280,685 shares of the technology company’s stock worth $5,993,000 after buying an additional 194,232 shares in the last quarter. Abacus Planning Group Inc. raised its stake in shares of Hewlett Packard Enterprise by 2.3% in the fourth quarter. Abacus Planning Group Inc. now owns 27,165 shares of the technology company’s stock valued at $580,000 after acquiring an additional 609 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Hewlett Packard Enterprise by 6.5% in the 4th quarter. Global Retirement Partners LLC now owns 52,893 shares of the technology company’s stock worth $1,129,000 after acquiring an additional 3,226 shares in the last quarter. Finally, Convergence Investment Partners LLC grew its position in Hewlett Packard Enterprise by 24.4% during the 4th quarter. Convergence Investment Partners LLC now owns 273,028 shares of the technology company’s stock worth $5,829,000 after acquiring an additional 53,631 shares during the last quarter. 80.78% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the transaction, the senior vice president now owns 48,615 shares of the company’s stock, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction 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 in the company, valued at $2,445,386.24. The trade was a 32.43 % decrease in their position. 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 in the last ninety days. 0.36% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded 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 lifted their price target on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a report on Monday, December 9th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. Stifel Nicolaus upped their target price 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. Finally, Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $23.00 to $29.00 in a report on Monday, November 18th. Six equities research 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 data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Hewlett Packard Enterprise Stock Up 0.1 %

NYSE:HPE opened at $21.80 on Thursday. The stock’s fifty day simple moving average is $21.97 and its 200-day simple moving average is $20.57. The firm has a market capitalization of $28.63 billion, a P/E ratio of 11.47, a P/E/G ratio of 2.01 and a beta of 1.19. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.39%. Hewlett Packard Enterprise’s 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.