D L Carlson Investment Group Inc. Trims Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

D L Carlson Investment Group Inc. cut its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 342,995 shares of the technology company’s stock after selling 3,817 shares during the period. Hewlett Packard Enterprise accounts for 1.3% of D L Carlson Investment Group Inc.’s holdings, making the stock its 17th biggest holding. D L Carlson Investment Group Inc.’s holdings in Hewlett Packard Enterprise were worth $7,323,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Hara Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth approximately $28,000. Tandem Financial LLC purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at approximately $32,000. R Squared Ltd acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth about $45,000. Quest Partners LLC purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at $50,000. Finally, Tompkins Financial Corp lifted its position in Hewlett Packard Enterprise by 397.9% during the 4th quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company’s stock worth $61,000 after acquiring an additional 2,300 shares during the period. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.9 %

Shares of HPE stock opened at $15.80 on Monday. The firm has a market cap of $20.75 billion, a P/E ratio of 8.31, a price-to-earnings-growth ratio of 2.03 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. The business has a 50-day moving average price of $19.55 and a two-hundred day moving average price of $20.46. Hewlett Packard Enterprise has a 12-month low of $14.64 and a 12-month high of $24.66.

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 issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.29%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 25.37%.

Insider Buying and Selling

In other news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.36% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on HPE. Loop Capital dropped their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a research note on Monday, March 10th. Wells Fargo & Company lowered their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday, March 7th. Susquehanna cut their target price on 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 cut their price target 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, StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.27.

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.