SOL Capital Management CO Cuts Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

SOL Capital Management CO trimmed its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in HPE. Gries Financial LLC increased its holdings in Hewlett Packard Enterprise by 14.2% in the 4th quarter. Gries Financial LLC now owns 14,903 shares of the technology company’s stock valued at $318,000 after acquiring an additional 1,856 shares during the last quarter. Milestone Asset Management LLC increased its holdings in shares of Hewlett Packard Enterprise by 35.5% in the fourth quarter. Milestone Asset Management LLC now owns 92,369 shares of the technology company’s stock worth $1,972,000 after purchasing an additional 24,197 shares during the last quarter. Foster & Motley Inc. increased its holdings in shares of Hewlett Packard Enterprise by 0.8% in the fourth quarter. Foster & Motley Inc. now owns 393,900 shares of the technology company’s stock worth $8,410,000 after purchasing an additional 3,008 shares during the last quarter. Asset Dedication LLC boosted its stake in Hewlett Packard Enterprise by 24.7% during the fourth quarter. Asset Dedication LLC now owns 3,295 shares of the technology company’s stock valued at $70,000 after buying an additional 652 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Hewlett Packard Enterprise during the 4th quarter valued at approximately $45,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

HPE opened at $21.17 on Friday. The business has a fifty day moving average of $22.12 and a 200 day moving average of $20.45. The stock has a market cap of $27.85 billion, a P/E ratio of 11.14, a PEG ratio of 2.01 and a beta of 1.20. 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 52-week low of $14.47 and a 52-week high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is presently 27.37%.

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 stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value of $5,682,125.16. Following the transaction, the executive vice president now owns 270,430 shares in the company, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 332,166 shares of company stock valued at $7,300,629 in the last 90 days. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

HPE has been the topic of several recent research reports. Loop Capital upped their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Susquehanna reaffirmed a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $23.00 to $26.00 in a research note on Friday, December 6th. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $23.00 to $28.00 in a research note on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and an average target price of $24.00.

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.