Amalgamated Bank Has $5.33 Million Position in Hewlett Packard Enterprise (NYSE:HPE)

Amalgamated Bank cut its stake in Hewlett Packard Enterprise (NYSE:HPE) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 249,583 shares of the technology company’s stock after selling 5,683 shares during the quarter. Amalgamated Bank’s holdings in Hewlett Packard Enterprise were worth $5,329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of HPE. Geode Capital Management LLC grew its stake in Hewlett Packard Enterprise by 0.8% in the third quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock valued at $642,748,000 after purchasing an additional 251,076 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 18.1% during the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock valued at $560,274,000 after buying an additional 4,194,213 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Hewlett Packard Enterprise by 6.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company’s stock valued at $321,149,000 after buying an additional 921,624 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Hewlett Packard Enterprise by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,609,078 shares of the technology company’s stock worth $196,602,000 after buying an additional 129,463 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in 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 valued at $155,142,000 after acquiring an additional 1,885,559 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 48,615 shares in the company, valued at approximately $1,118,145. The trade was 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, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of the transaction, the director now owns 104,192 shares of the company’s stock, valued at $2,445,386.24. The trade was a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 332,166 shares of company stock valued at $7,300,629. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on HPE shares. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. StockNews.com cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $23.00 to $29.00 in a report on Monday, November 18th. Barclays upped their price target on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Thursday, December 19th. Six 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Trading Down 2.6 %

Shares of Hewlett Packard Enterprise stock opened at $19.84 on Friday. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $24.66. The company’s fifty day simple moving average is $21.88 and its 200-day simple moving average is $20.70. The company has a market cap of $26.05 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 2.03 and a beta of 1.19. 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 Dividend Announcement

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 was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.62%. 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.