TCI Wealth Advisors Inc. lessened its position in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 17.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,513 shares of the technology company’s stock after selling 1,162 shares during the period. TCI Wealth Advisors Inc.’s holdings in Hewlett Packard Enterprise were worth $85,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Bridge LLC acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at $25,000. Ipswich Investment Management Co. Inc. acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth $26,000. Liberty Wealth Management LLC acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth $34,000. JNBA Financial Advisors grew its holdings in shares of Hewlett Packard Enterprise by 1,300.0% in the 4th quarter. JNBA Financial Advisors now owns 2,800 shares of the technology company’s stock worth $37,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Moody National Bank Trust Division grew its holdings in shares of Hewlett Packard Enterprise by 179.8% in the 1st quarter. Moody National Bank Trust Division now owns 3,235 shares of the technology company’s stock worth $50,000 after acquiring an additional 2,079 shares during the last quarter. 83.02% of the stock is currently owned by institutional investors and hedge funds.
NYSE HPE opened at $15.93 on Friday. Hewlett Packard Enterprise Co has a fifty-two week low of $12.09 and a fifty-two week high of $17.82. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.80 and a current ratio of 0.94. The stock has a market cap of $21.83 billion, a price-to-earnings ratio of 10.21, a P/E/G ratio of 1.52 and a beta of 1.55.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th will be paid a $0.1125 dividend. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.82%. Hewlett Packard Enterprise’s payout ratio is presently 28.85%.
A number of equities analysts recently issued reports on HPE shares. Morgan Stanley restated an “equal weight” rating and issued a $15.00 target price (down from $21.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, January 16th. ValuEngine cut Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. Credit Suisse Group assumed coverage on Hewlett Packard Enterprise in a research report on Thursday, April 11th. They issued an “underperform” rating and a $14.00 target price for the company. Daiwa Capital Markets assumed coverage on Hewlett Packard Enterprise in a research report on Monday, April 1st. They issued a “hold” rating and a $16.00 target price for the company. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $16.00 target price on shares of Hewlett Packard Enterprise in a research report on Thursday, February 21st. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.92.
In related news, insider Philip Davis sold 13,974 shares of the business’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $16.50, for a total transaction of $230,571.00. Following the transaction, the insider now directly owns 16,412 shares in the company, valued at $270,798. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Antonio F. Neri sold 591,276 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $16.51, for a total value of $9,761,966.76. Following the transaction, the insider now owns 59,110 shares in the company, valued at $975,906.10. The disclosure for this sale can be found here. Insiders sold 2,251,562 shares of company stock worth $37,016,136 over the last quarter. 0.56% of the stock is currently owned by corporate insiders.
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Hewlett Packard Enterprise Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
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