Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by SOL Capital Management CO

SOL Capital Management CO cut its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,392 shares of the technology company’s stock after selling 750 shares during the period. SOL Capital Management CO’s holdings in Hewlett Packard Enterprise were worth $606,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Eagle Asset Management Inc. raised its stake in Hewlett Packard Enterprise by 3,537.0% in the third quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock valued at $127,571,000 after buying an additional 5,629,006 shares during the last quarter. Mizuho Markets Americas LLC acquired a new position in shares of Hewlett Packard Enterprise during the third quarter valued at about $105,185,000. Pacer Advisors Inc. raised its position in shares of Hewlett Packard Enterprise by 18.1% in the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock valued at $560,274,000 after purchasing an additional 4,194,213 shares during the last quarter. Raymond James & Associates boosted its stake in Hewlett Packard Enterprise by 92.5% in the 3rd quarter. Raymond James & Associates now owns 4,404,520 shares of the technology company’s stock worth $90,116,000 after purchasing an additional 2,116,824 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in Hewlett Packard Enterprise by 35.1% during the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock worth $155,142,000 after purchasing an additional 1,885,559 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Stifel Nicolaus lifted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. 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 research report on Thursday, December 19th. StockNews.com raised Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Barclays lifted their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price target for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the company’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 directly owns 48,615 shares in the company, valued at approximately $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction dated 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 completion of the sale, the executive vice president now owns 270,430 shares in the company, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is owned by company insiders.

Hewlett Packard Enterprise Stock Down 0.1 %

HPE opened at $21.17 on Friday. The company has a fifty day moving average of $22.12 and a two-hundred day moving average of $20.45. The stock has a market capitalization of $27.85 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 2.01 and a beta of 1.20. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were paid a $0.13 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.46%. Hewlett Packard Enterprise’s dividend payout ratio is presently 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.