Global Retirement Partners LLC Acquires 3,226 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Global Retirement Partners LLC boosted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 52,893 shares of the technology company’s stock after buying an additional 3,226 shares during the quarter. Global Retirement Partners LLC’s holdings in Hewlett Packard Enterprise were worth $1,129,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Convergence Investment Partners LLC lifted its holdings in Hewlett Packard Enterprise by 24.4% during the fourth quarter. Convergence Investment Partners LLC now owns 273,028 shares of the technology company’s stock valued at $5,829,000 after purchasing an additional 53,631 shares in the last quarter. Hara Capital LLC purchased a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $28,000. Key Financial Inc lifted its holdings in Hewlett Packard Enterprise by 17.7% during the fourth quarter. Key Financial Inc now owns 4,116 shares of the technology company’s stock valued at $88,000 after purchasing an additional 619 shares in the last quarter. Truist Financial Corp lifted its holdings in Hewlett Packard Enterprise by 6.2% during the fourth quarter. Truist Financial Corp now owns 441,600 shares of the technology company’s stock valued at $9,428,000 after purchasing an additional 25,836 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Hewlett Packard Enterprise by 2.5% during the fourth quarter. CIBC Asset Management Inc now owns 227,021 shares of the technology company’s stock valued at $4,847,000 after purchasing an additional 5,459 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.00, for a total value 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. This represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John F. Schultz sold 262,818 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the transaction, the executive vice president now owns 270,430 shares in the company, valued at approximately $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. Over the last ninety days, insiders have sold 332,166 shares of company stock worth $7,300,629. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Loop Capital lifted their price target 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. Barclays lifted their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Stifel Nicolaus lifted 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. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Finally, Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. Six investment 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 company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Trading Down 2.6 %

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

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is presently 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.