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

Sequoia Financial Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 24.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,988 shares of the technology company’s stock after acquiring an additional 4,916 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $533,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. HighTower Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise by 22.8% in the fourth quarter. HighTower Advisors LLC now owns 368,145 shares of the technology company’s stock valued at $7,860,000 after purchasing an additional 68,402 shares during the last quarter. Wealth High Governance Capital Ltda acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at about $3,985,000. Avantax Planning Partners Inc. raised its holdings in Hewlett Packard Enterprise by 6.2% in the 4th quarter. Avantax Planning Partners Inc. now owns 12,858 shares of the technology company’s stock valued at $275,000 after acquiring an additional 750 shares during the period. Citizens Financial Group Inc. RI lifted 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 worth $323,000 after acquiring an additional 3,685 shares during the last quarter. Finally, Independent Advisor Alliance bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $321,000. Institutional investors own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 48,615 shares in the company, valued at approximately $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Trading Up 1.6 %

Shares of HPE opened at $15.88 on Tuesday. 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 52-week low of $14.64 and a 52-week high of $24.66. The firm has a market cap of $20.85 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 2.03 and a beta of 1.20. The business’s fifty day moving average is $20.70 and its 200-day moving average is $20.58.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced 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 3.28%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is 25.37%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Bank of America dropped 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. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price target for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Wells Fargo & Company dropped their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, March 7th. Finally, Susquehanna decreased their target price 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. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.27.

Hewlett Packard Enterprise Company 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.