Mill Creek Capital Advisors LLC Invests $210,000 in Hewlett Packard Enterprise (NYSE:HPE)

Mill Creek Capital Advisors LLC purchased a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,841 shares of the technology company’s stock, valued at approximately $210,000.

A number of other large investors also recently bought and sold shares of HPE. RPg Family Wealth Advisory LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in Hewlett Packard Enterprise during the third quarter valued at $26,000. Financial Management Professionals Inc. increased its holdings in Hewlett Packard Enterprise by 80.3% in the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock valued at $29,000 after buying an additional 637 shares in the last quarter. Tandem Financial LLC acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $32,000. Finally, R Squared Ltd purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth about $45,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 61,735 shares of the company’s stock, valued at $1,419,905. This represents a 11.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 270,430 shares of the company’s stock, valued at $5,846,696.60. This represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 332,166 shares of company stock valued at $7,300,629. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

HPE has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised 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. Stifel Nicolaus upped their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Loop Capital boosted their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Finally, 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 report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Trading Down 1.3 %

HPE opened at $21.16 on Wednesday. The firm has a market capitalization of $27.83 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 1.98 and a beta of 1.19. The company’s 50 day simple moving average is $22.07 and its two-hundred day simple moving average 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 debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were given a dividend of $0.13 per share. The ex-dividend date was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.46%. 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.