Parallel Advisors LLC Sells 2,349 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Parallel Advisors LLC trimmed its position in Hewlett Packard Enterprise (NYSE:HPE) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,311 shares of the technology company’s stock after selling 2,349 shares during the period. Parallel Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $690,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HPE. Quest Partners LLC bought a new position in Hewlett Packard Enterprise in the 3rd quarter valued at $50,000. Pathstone Holdings LLC boosted its holdings in Hewlett Packard Enterprise by 1.5% in the 3rd quarter. Pathstone Holdings LLC now owns 158,004 shares of the technology company’s stock valued at $3,237,000 after purchasing an additional 2,368 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 13.6% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 17,233 shares of the technology company’s stock valued at $353,000 after purchasing an additional 2,068 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at $4,349,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Hewlett Packard Enterprise by 1.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 389,691 shares of the technology company’s stock valued at $7,973,000 after buying an additional 5,584 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a research report on Wednesday, March 12th. Bank of America lowered their price objective on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price objective for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Wells Fargo & Company lowered their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, March 7th. Finally, Barclays lowered their price objective on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and a consensus price target of $21.27.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $16.26 on Friday. The firm’s 50-day moving average price is $20.34 and its two-hundred day moving average price is $20.49. Hewlett Packard Enterprise has a 12-month low of $14.64 and a 12-month high of $24.66. The stock has a market capitalization of $21.36 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 2.03 and a beta of 1.20. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is 25.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise 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 sale, the senior vice president now owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

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.