Beacon Capital Management LLC Has $26,000 Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Beacon Capital Management LLC lessened its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 45.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,216 shares of the technology company’s stock after selling 1,024 shares during the quarter. Beacon Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $26,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise during the third quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter worth about $26,000. Financial Management Professionals Inc. lifted its position in shares of Hewlett Packard Enterprise by 80.3% in the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after buying an additional 637 shares during the last quarter. Tandem Financial LLC bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $32,000. Finally, R Squared Ltd bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $45,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Up 2.1 %

NYSE:HPE opened at $21.73 on Monday. The stock’s fifty day moving average price is $22.00 and its two-hundred day moving average price is $20.52. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-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. The company has a market cap of $28.58 billion, a price-to-earnings ratio of 11.43, a P/E/G ratio of 1.98 and a beta of 1.19.

Hewlett Packard Enterprise Announces Dividend

The company 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 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is 27.37%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,771 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the completion of the sale, the senior vice president now owns 61,735 shares in the company, valued at approximately $1,419,905. The trade was a 11.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of the company’s 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 sale, 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 position. The disclosure for this sale can be found here. In 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.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Barclays lifted their price objective on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Stifel Nicolaus boosted their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Loop Capital boosted their price target on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, StockNews.com downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.