Sharp Financial Services LLC Has $226,000 Stake in Hewlett Packard Enterprise (NYSE:HPE)

Sharp Financial Services LLC trimmed its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 13.1% during the fourth quarter, HoldingsChannel reports. The fund owned 10,600 shares of the technology company’s stock after selling 1,600 shares during the period. Sharp Financial Services LLC’s holdings in Hewlett Packard Enterprise were worth $226,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Hewlett Packard Enterprise during the third quarter worth $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the third quarter worth $26,000. Financial Management Professionals Inc. raised its holdings in shares of Hewlett Packard Enterprise by 80.3% during the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after acquiring an additional 637 shares during the period. Rise Advisors LLC increased its stake in Hewlett Packard Enterprise by 45.5% in the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock valued at $41,000 after buying an additional 625 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at $48,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $24.42 on Thursday. 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 company has a market capitalization of $32.11 billion, a P/E ratio of 12.85, a P/E/G ratio of 2.20 and a beta of 1.20. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $24.66. The firm has a 50-day moving average price of $21.91 and a two-hundred day moving average price of $20.35.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is currently 27.37%.

Analysts Set New Price Targets

Several brokerages have issued reports on HPE. Loop Capital lifted their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Stifel Nicolaus lifted their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $23.00 to $28.00 in a research note on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.00.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, EVP John F. Schultz sold 262,818 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the sale, the executive vice president now owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeremy Cox sold 11,577 shares of the 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 position. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock valued at $7,300,629 in the last quarter. Company insiders own 0.40% of the company’s stock.

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.