Avantax Planning Partners Inc. Increases Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Avantax Planning Partners Inc. increased its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 6.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,858 shares of the technology company’s stock after purchasing an additional 750 shares during the period. Avantax Planning Partners Inc.’s holdings in Hewlett Packard Enterprise were worth $275,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in HPE. Citizens Financial Group Inc. RI grew its position in Hewlett Packard Enterprise by 32.1% during the fourth quarter. Citizens Financial Group Inc. RI now owns 15,152 shares of the technology company’s stock valued at $323,000 after acquiring an additional 3,685 shares during the period. Independent Advisor Alliance purchased a new stake in Hewlett Packard Enterprise during the fourth quarter valued at about $321,000. Daiwa Securities Group Inc. grew its position in Hewlett Packard Enterprise by 7.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 177,526 shares of the technology company’s stock valued at $3,790,000 after acquiring an additional 12,907 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Hewlett Packard Enterprise by 96.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,838,786 shares of the technology company’s stock valued at $39,258,000 after acquiring an additional 900,945 shares during the period. Finally, Simplicity Wealth LLC purchased a new stake in Hewlett Packard Enterprise during the fourth quarter valued at about $224,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

HPE has been the subject of a number of research reports. Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Wednesday. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price target for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Wells Fargo & Company reduced their price objective on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Barclays reduced their price objective on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Finally, Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $21.27.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Trading Down 1.8 %

NYSE:HPE opened at $15.07 on Thursday. 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 one year low of $14.85 and a one year high of $24.66. The business’s 50-day simple moving average is $21.09 and its 200 day simple moving average is $20.64. The stock has a market cap of $19.79 billion, a price-to-earnings ratio of 7.93, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.45%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

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.