Rhumbline Advisers Cuts Stake in Hewlett Packard Enterprise (NYSE:HPE)

Rhumbline Advisers lessened its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,444,062 shares of the technology company’s stock after selling 49,686 shares during the quarter. Rhumbline Advisers owned about 0.19% of Hewlett Packard Enterprise worth $52,181,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC grew its stake in Hewlett Packard Enterprise by 381.1% during the third quarter. Exchange Traded Concepts LLC now owns 12,840 shares of the technology company’s stock valued at $263,000 after acquiring an additional 10,171 shares in the last quarter. Creative Planning boosted its holdings in shares of Hewlett Packard Enterprise by 3.2% during the 3rd quarter. Creative Planning now owns 197,019 shares of the technology company’s stock valued at $4,031,000 after purchasing an additional 6,098 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of Hewlett Packard Enterprise during the third quarter valued at about $92,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Hewlett Packard Enterprise by 1.2% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 128,115 shares of the technology company’s stock worth $2,621,000 after purchasing an additional 1,507 shares during the last quarter. Finally, Claro Advisors LLC purchased a new stake in shares of Hewlett Packard Enterprise in the third quarter worth about $105,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. StockNews.com downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Barclays boosted their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price objective for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft upgraded 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. Finally, Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $23.00 to $28.00 in a report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $24.00.

Insider Activity at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 50,000 shares of the business’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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John F. Schultz sold 262,818 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 directly owns 270,430 shares of the company’s stock, valued at $5,846,696.60. The trade was a 49.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 332,166 shares of company stock worth $7,300,629. Company insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

HPE stock opened at $21.73 on Tuesday. The firm has a market cap of $28.58 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.98 and a beta of 1.19. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.66. 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 business’s fifty day simple moving average is $22.00 and its two-hundred day simple moving average is $20.52.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.37%.

Hewlett Packard Enterprise Company 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.