44 Wealth Management LLC Sells 1,407 Shares of Hewlett Packard Enterprise (NYSE:HPE)

44 Wealth Management LLC lowered its stake in Hewlett Packard Enterprise (NYSE:HPE) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,908 shares of the technology company’s stock after selling 1,407 shares during the period. 44 Wealth Management LLC’s holdings in Hewlett Packard Enterprise were worth $553,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Mather Group LLC. raised its holdings in shares of Hewlett Packard Enterprise by 6.2% during the fourth quarter. Mather Group LLC. now owns 7,557 shares of the technology company’s stock valued at $161,000 after purchasing an additional 440 shares during the last quarter. 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 valued at $2,242,000 after purchasing an additional 457 shares during the last quarter. Essex Financial Services Inc. raised its holdings in shares of Hewlett Packard Enterprise by 3.6% during the fourth quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company’s stock valued at $286,000 after purchasing an additional 461 shares during the last quarter. Westside Investment Management Inc. raised its holdings in shares of Hewlett Packard Enterprise by 0.8% during the fourth quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock valued at $1,335,000 after purchasing an additional 475 shares during the last quarter. Finally, Waterfront Wealth Inc. raised its holdings in shares of Hewlett Packard Enterprise by 0.4% during the fourth quarter. Waterfront Wealth Inc. now owns 129,698 shares of the technology company’s stock valued at $2,769,000 after purchasing an additional 524 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling

In other news, EVP John F. Schultz sold 262,818 shares of the stock in a transaction on Wednesday, December 11th. The shares were 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 approximately $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gary M. Reiner sold 50,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the completion of the sale, the director now directly owns 104,192 shares in the company, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 332,166 shares of company stock worth $7,300,629. 0.36% of the stock is owned by insiders.

Analysts Set New Price Targets

HPE has been the subject of several research reports. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $23.00 to $29.00 in a report on Monday, November 18th. 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 report on Thursday, December 19th. Loop Capital upped their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a report on Monday, December 9th. StockNews.com cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Finally, Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their target price for the company from $23.00 to $26.00 in a report on Friday, December 6th. Six investment 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, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $21.17 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The firm has a fifty day moving average price of $21.96 and a 200 day moving average price of $20.58. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.66. The firm has a market cap of $27.80 billion, a price-to-earnings ratio of 11.14, a P/E/G ratio of 2.03 and a beta of 1.19.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors 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 dividend yield of 2.46%. Hewlett Packard Enterprise’s dividend payout ratio is 27.37%.

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.