Guidance Capital Inc. Has $857,000 Position in Hewlett Packard Enterprise (NYSE:HPE)

Guidance Capital Inc. lowered its stake in Hewlett Packard Enterprise (NYSE:HPE) by 27.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 40,130 shares of the technology company’s stock after selling 15,067 shares during the period. Guidance Capital Inc.’s holdings in Hewlett Packard Enterprise were worth $857,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Eagle Asset Management Inc. grew its position in Hewlett Packard Enterprise by 3,537.0% during the third quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock worth $127,571,000 after buying an additional 5,629,006 shares in the last quarter. Mizuho Markets Americas LLC acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $105,185,000. Pacer Advisors Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 18.1% during the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after acquiring an additional 4,194,213 shares during the period. Raymond James & Associates boosted its position in shares of Hewlett Packard Enterprise by 92.5% during the 3rd quarter. Raymond James & Associates now owns 4,404,520 shares of the technology company’s stock worth $90,116,000 after acquiring an additional 2,116,824 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in Hewlett Packard Enterprise by 35.1% in the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after acquiring an additional 1,885,559 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE opened at $20.83 on Wednesday. The company has a 50 day simple moving average of $22.07 and a two-hundred day simple moving average of $20.44. The stock has a market cap of $27.40 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 1.97 and a beta of 1.19. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is 27.37%.

Insiders Place Their Bets

In other news, EVP John F. Schultz sold 262,818 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value 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 $5,846,696.60. This represents a 49.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the completion of the sale, the senior vice president now owns 61,735 shares in the company, valued at approximately $1,419,905. This trade represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 332,166 shares of company stock worth $7,300,629. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Barclays lifted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Loop Capital lifted their price target on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, 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 report on Monday, November 18th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued 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 $24.00.

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.