Wakefield Asset Management LLLP Invests $517,000 in Hewlett Packard Enterprise (NYSE:HPE)

Wakefield Asset Management LLLP purchased a new stake in Hewlett Packard Enterprise (NYSE:HPE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 24,208 shares of the technology company’s stock, valued at approximately $517,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HPE. RPg Family Wealth Advisory LLC bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $25,000. Valley Wealth Managers Inc. bought a new stake in Hewlett Packard Enterprise in the third quarter worth $26,000. Hara Capital LLC bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth $28,000. Tandem Financial LLC purchased a new position in Hewlett Packard Enterprise during the fourth quarter worth $32,000. Finally, R Squared Ltd bought a new position in Hewlett Packard Enterprise during the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Activity

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise 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 directly owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 7,771 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the transaction, the senior vice president now directly owns 61,735 shares in the company, valued at approximately $1,419,905. The trade was a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 332,166 shares of company stock worth $7,300,629. 0.36% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $19.84 on Friday. The company has a market cap of $26.05 billion, a PE ratio of 10.44, a P/E/G ratio of 2.03 and a beta of 1.19. The firm’s 50 day moving average price is $21.88 and its 200-day moving average price is $20.70. 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 has a 52-week low of $14.47 and a 52-week high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were given a dividend of $0.13 per share. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.62%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 27.37%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HPE shares. Barclays lifted their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. StockNews.com lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Thursday, December 19th. Stifel Nicolaus boosted their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the stock from $23.00 to $26.00 in a research note on Friday, December 6th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $24.00.

Hewlett Packard Enterprise 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.