Wealth Advisors Northwest LLC Acquires New Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Wealth Advisors Northwest LLC bought a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 22,217 shares of the technology company’s stock, valued at approximately $474,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. lifted its stake in shares of Hewlett Packard Enterprise by 3,537.0% in the third quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock worth $127,571,000 after acquiring an additional 5,629,006 shares during the period. Mizuho Markets Americas LLC bought a new position in Hewlett Packard Enterprise during the 3rd quarter worth approximately $105,185,000. Pacer Advisors Inc. lifted its position in shares of Hewlett Packard Enterprise by 18.1% in the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after purchasing an additional 4,194,213 shares during the period. Raymond James & Associates boosted its stake in shares of Hewlett Packard Enterprise by 92.5% in the 3rd quarter. Raymond James & Associates now owns 4,404,520 shares of the technology company’s stock valued at $90,116,000 after purchasing an additional 2,116,824 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Hewlett Packard Enterprise by 35.1% during the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock worth $155,142,000 after buying an additional 1,885,559 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was 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. This trade represents a 19.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John F. Schultz sold 262,818 shares of the company’s stock in a transaction on 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 sale, the executive vice president now owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 332,166 shares of company stock worth $7,300,629. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $23.00 to $29.00 in a report on Monday, November 18th. Barclays upped their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. StockNews.com cut Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Finally, Stifel Nicolaus lifted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Hewlett Packard Enterprise Stock Performance

HPE opened at $21.16 on Wednesday. The company has a market cap of $27.83 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 1.98 and a beta of 1.19. The company’s fifty day moving average price is $22.07 and its two-hundred day moving average price is $20.47. 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.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were given a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.46%. Hewlett Packard Enterprise’s payout ratio is 27.37%.

Hewlett Packard Enterprise 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.