Kestra Private Wealth Services LLC Has $820,000 Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Kestra Private Wealth Services LLC lessened its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,408 shares of the technology company’s stock after selling 1,260 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Hewlett Packard Enterprise were worth $820,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. AlphaStar Capital Management LLC increased its holdings in Hewlett Packard Enterprise by 10.9% in the 4th quarter. AlphaStar Capital Management LLC now owns 104,215 shares of the technology company’s stock valued at $2,225,000 after buying an additional 10,282 shares during the period. Apollon Wealth Management LLC increased its stake in Hewlett Packard Enterprise by 16.8% in the fourth quarter. Apollon Wealth Management LLC now owns 30,196 shares of the technology company’s stock valued at $645,000 after acquiring an additional 4,334 shares during the period. Cantor Fitzgerald Investment Advisors L.P. raised its position in Hewlett Packard Enterprise by 1.2% in the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 488,326 shares of the technology company’s stock worth $10,426,000 after purchasing an additional 5,689 shares in the last quarter. Vest Financial LLC lifted its stake in Hewlett Packard Enterprise by 25.5% during the fourth quarter. Vest Financial LLC now owns 26,951 shares of the technology company’s stock worth $575,000 after purchasing an additional 5,470 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Hewlett Packard Enterprise by 11.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 142,835 shares of the technology company’s stock valued at $3,050,000 after purchasing an additional 14,720 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise 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 owns 104,192 shares of the company’s stock, valued at approximately $2,445,386.24. The trade was a 32.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $23.00, for a total value of $178,733.00. Following the completion of the transaction, the senior vice president now directly owns 61,735 shares in the company, valued at approximately $1,419,905. This trade represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Stock Up 2.1 %

NYSE HPE opened at $21.73 on Friday. The stock has a market capitalization of $28.58 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 1.98 and a beta of 1.19. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $24.66. 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 stock has a fifty day moving average of $22.04 and a 200-day moving average of $20.49.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.39%. Hewlett Packard Enterprise’s payout ratio is 27.37%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HPE shares. StockNews.com downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted 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 on the stock in a report on Thursday, December 19th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $23.00 to $28.00 in a report on Thursday, December 5th. Finally, Barclays upped their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

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.