Mount Yale Investment Advisors LLC Buys 2,512 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Mount Yale Investment Advisors LLC increased its stake in Hewlett Packard Enterprise (NYSE:HPE) by 17.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,186 shares of the technology company’s stock after buying an additional 2,512 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $367,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HPE. RPg Family Wealth Advisory LLC bought a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. bought a new stake in Hewlett Packard Enterprise during the third quarter worth about $26,000. Financial Management Professionals Inc. grew its holdings in Hewlett Packard Enterprise by 80.3% in the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after purchasing an additional 637 shares during the period. Rise Advisors LLC increased its stake in shares of Hewlett Packard Enterprise by 45.5% during the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock valued at $41,000 after purchasing an additional 625 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $48,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,771 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the transaction, the senior vice president now owns 61,735 shares of the company’s stock, valued at approximately $1,419,905. The trade was a 11.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the sale, the executive vice president now owns 270,430 shares of the company’s stock, valued at $5,846,696.60. This represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HPE shares. Stifel Nicolaus raised their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Thursday, December 19th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Barclays upped their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Susquehanna reissued a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Trading Up 1.0 %

Shares of Hewlett Packard Enterprise stock opened at $21.68 on Thursday. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The company has a market cap of $28.51 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 2.27 and a beta of 1.20. The firm has a 50-day simple moving average of $22.12 and a two-hundred day simple moving average of $20.44.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.40%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 27.37%.

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.