Cherry Creek Investment Advisors Inc. Decreases Position in Hewlett Packard Enterprise (NYSE:HPE)

Cherry Creek Investment Advisors Inc. decreased its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,563 shares of the technology company’s stock after selling 1,775 shares during the quarter. Cherry Creek Investment Advisors Inc.’s holdings in Hewlett Packard Enterprise were worth $1,101,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Public Sector Pension Investment Board increased its holdings in shares of Hewlett Packard Enterprise by 89.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 49,955 shares of the technology company’s stock worth $1,058,000 after purchasing an additional 23,627 shares in the last quarter. MBB Public Markets I LLC bought a new position in Hewlett Packard Enterprise during the 2nd quarter valued at about $1,932,000. The Manufacturers Life Insurance Company raised its holdings in shares of Hewlett Packard Enterprise by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 805,278 shares of the technology company’s stock valued at $17,048,000 after purchasing an additional 10,794 shares during the last quarter. Scientech Research LLC bought a new position in Hewlett Packard Enterprise during the second quarter valued at approximately $283,000. Finally, Kathmere Capital Management LLC purchased a new stake in Hewlett Packard Enterprise in the second quarter worth approximately $212,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $22.98 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.66. The business has a 50-day moving average price of $22.09 and a 200-day moving average price of $20.42. The firm has a market cap of $30.22 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 27.37%.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 7,771 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now directly owns 61,735 shares of the company’s stock, valued at approximately $1,419,905. This trade represents a 11.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the transaction, the director now owns 104,192 shares of the company’s stock, valued at $2,445,386.24. This trade represents a 32.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HPE shares. Deutsche Bank Aktiengesellschaft upgraded 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 research note on Thursday, December 19th. Loop Capital raised their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Stifel Nicolaus upped their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Susquehanna reissued a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Finally, StockNews.com cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.00.

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.