Exchange Traded Concepts LLC Cuts Position in Hewlett Packard Enterprise (NYSE:HPE)

Exchange Traded Concepts LLC decreased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 9.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,642 shares of the technology company’s stock after selling 1,198 shares during the period. Exchange Traded Concepts LLC’s holdings in Hewlett Packard Enterprise were worth $249,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HPE. Geode Capital Management LLC raised its stake in Hewlett Packard Enterprise by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock valued at $642,748,000 after purchasing an additional 251,076 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Hewlett Packard Enterprise by 18.1% during the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after buying an additional 4,194,213 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Hewlett Packard Enterprise by 6.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company’s stock valued at $321,149,000 after buying an additional 921,624 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Hewlett Packard Enterprise by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,609,078 shares of the technology company’s stock valued at $196,602,000 after buying an additional 129,463 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of 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 worth $155,142,000 after buying an additional 1,885,559 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Loop Capital upped their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Stifel Nicolaus upped their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft upgraded 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. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their target price for the company from $23.00 to $26.00 in a report on Friday, December 6th. Finally, Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their target price for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were 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 directly owns 270,430 shares in the company, valued at $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeremy Cox sold 7,771 shares of the firm’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 61,735 shares of the company’s stock, valued at approximately $1,419,905. The trade was a 11.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 332,166 shares of company stock valued at $7,300,629. Company insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.1 %

NYSE HPE opened at $21.17 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The stock has a market capitalization of $27.85 billion, a P/E ratio of 11.14, a PEG ratio of 2.01 and a beta of 1.20. The firm’s 50-day moving average is $22.12 and its two-hundred day moving average is $20.45. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.46%. Hewlett Packard Enterprise’s dividend payout ratio is currently 27.37%.

About Hewlett Packard Enterprise

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.