Lifeworks Advisors LLC Has $2.98 Million Position in Hewlett Packard Enterprise (NYSE:HPE)

Lifeworks Advisors LLC grew its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 23.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 139,550 shares of the technology company’s stock after purchasing an additional 26,786 shares during the period. Lifeworks Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $2,979,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HPE. RPg Family Wealth Advisory LLC purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter worth about $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of Hewlett Packard Enterprise in the third quarter worth approximately $26,000. Hara Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth approximately $28,000. Tandem Financial LLC acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $32,000. Finally, R Squared Ltd purchased a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays cut their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday. Wells Fargo & Company reduced their price objective on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Thursday, December 19th. Morgan Stanley cut their price target on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price target for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $22.21.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $15.82 on Friday. Hewlett Packard Enterprise has a 1 year low of $14.93 and a 1 year high of $24.66. The company has a fifty day simple moving average of $21.47 and a 200 day simple moving average of $20.71. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company has a market cap of $20.77 billion, a P/E ratio of 8.32, a P/E/G ratio of 2.03 and a beta of 1.19.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.37%.

Insider Activity

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction dated 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 owns 48,615 shares in the company, valued at $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gary M. Reiner sold 50,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.47, for a total value of $1,173,500.00. Following the transaction, the director now owns 104,192 shares of the company’s stock, valued at $2,445,386.24. This represents a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 324,395 shares of company stock valued at $7,121,896. 0.36% of the stock is owned by insiders.

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.