Sequoia Financial Advisors LLC Acquires 4,916 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Sequoia Financial Advisors LLC boosted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 24.5% during the fourth quarter, HoldingsChannel reports. The fund owned 24,988 shares of the technology company’s stock after purchasing an additional 4,916 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $533,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Hewlett Packard Enterprise in the third quarter worth $25,000. Hara Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $28,000. Tandem Financial LLC bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $32,000. R Squared Ltd acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth approximately $45,000. Finally, Quest Partners LLC bought a new stake in Hewlett Packard Enterprise in the third quarter valued at approximately $50,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Trading Up 1.6 %

NYSE:HPE opened at $15.88 on Tuesday. Hewlett Packard Enterprise has a one year low of $14.64 and a one year high of $24.66. The company has a market cap of $20.85 billion, a PE ratio of 8.36, a PEG ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The firm has a 50-day moving average of $20.70 and a 200-day moving average of $20.58.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 25.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HPE shares. Susquehanna dropped their price target on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Barclays dropped their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Loop Capital lowered their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a research report on Monday, March 10th. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Finally, Bank of America lowered their target price on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.27.

Insider Activity

In other news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction dated Monday, January 6th. The shares were 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 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 document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.36% of the company’s stock.

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.