Globeflex Capital L P Sells 124,182 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Globeflex Capital L P cut its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,928,513 shares of the technology company’s stock after selling 124,182 shares during the period. Hewlett Packard Enterprise accounts for 3.5% of Globeflex Capital L P’s portfolio, making the stock its largest holding. Globeflex Capital L P owned 0.15% of Hewlett Packard Enterprise worth $41,174,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth about $25,000. Valley Wealth Managers Inc. bought a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth about $26,000. Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth about $28,000. Tandem Financial LLC bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth about $32,000. Finally, R Squared Ltd bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth about $45,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on HPE. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Thursday, December 19th. Daiwa America downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus boosted their price objective 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. Loop Capital cut their price objective on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a report on Monday, March 10th. Finally, Barclays cut their price objective on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Nine analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.27.

Insider Buying and Selling

In other news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the transaction, the senior vice president now owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.36% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $15.68 on Friday. The company has a 50 day simple moving average of $20.84 and a 200 day simple moving average of $20.58. The stock has a market cap of $20.60 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 1 year low of $14.64 and a 1 year high of $24.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio is 25.37%.

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.