Parcion Private Wealth LLC Purchases New Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Parcion Private Wealth LLC acquired a new stake in Hewlett Packard Enterprise (NYSE:HPE) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 336,367 shares of the technology company’s stock, valued at approximately $7,181,000.

A number of other large investors have also bought and sold shares of HPE. RPg Family Wealth Advisory LLC bought a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth $25,000. Valley Wealth Managers Inc. bought a new position in Hewlett Packard Enterprise during the third quarter worth about $26,000. Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $28,000. Financial Management Professionals Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 80.3% during the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after acquiring an additional 637 shares during the period. Finally, Tandem Financial LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $32,000. 80.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Thursday, December 19th. Barclays increased their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. Loop Capital increased their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, Stifel Nicolaus increased their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Six equities research 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Insider Activity

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,771 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the completion of the sale, the senior vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 104,192 shares of the company’s stock, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock valued at $7,300,629 over the last three months. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Up 0.1 %

HPE opened at $21.80 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average price of $21.97 and a 200-day moving average price of $20.57. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.66. The stock has a market capitalization of $28.63 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 2.02 and a beta of 1.19.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were issued 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 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.