Independent Advisor Alliance Makes New Investment in Hewlett Packard Enterprise (NYSE:HPE)

Independent Advisor Alliance bought a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,033 shares of the technology company’s stock, valued at approximately $321,000.

Other large investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at about $25,000. Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at approximately $28,000. Tandem Financial LLC purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $32,000. R Squared Ltd bought a new position in Hewlett Packard Enterprise in the fourth quarter worth approximately $45,000. Finally, Quest Partners LLC purchased a new position in Hewlett Packard Enterprise during the 3rd quarter worth $50,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Trading Up 0.7 %

Shares of NYSE:HPE opened at $15.95 on Wednesday. The business’s 50-day moving average is $20.57 and its 200 day moving average is $20.55. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a 1 year low of $14.64 and a 1 year high of $24.66. The firm has a market capitalization of $20.95 billion, a P/E ratio of 8.39, a P/E/G ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wells Fargo & Company lowered their target price on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday, March 7th. Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 target price on the stock. in a report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Thursday, December 19th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price target for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Finally, Morgan Stanley cut their price objective on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.27.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $23.00, for a total value 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.36% of the stock is owned by company insiders.

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.