Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by Fulton Bank N.A.

Fulton Bank N.A. lifted its position in Hewlett Packard Enterprise (NYSE:HPE) by 27.7% in the fourth quarter, Holdings Channel reports. The firm owned 13,501 shares of the technology company’s stock after acquiring an additional 2,928 shares during the period. Fulton Bank N.A.’s holdings in Hewlett Packard Enterprise were worth $288,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter worth approximately $28,000. Financial Management Professionals Inc. lifted its position in Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after acquiring an additional 637 shares during the period. Finally, Rise Advisors LLC lifted its position in Hewlett Packard Enterprise by 45.5% during the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock worth $41,000 after acquiring an additional 625 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the sale, the director now owns 104,192 shares in the company, valued at $2,445,386.24. This trade represents a 32.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Antonio F. Neri sold 250,000 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $20.73, for a total value of $5,182,500.00. Following the sale, the chief executive officer now owns 1,508,641 shares in the company, valued at $31,274,127.93. This trade represents a 14.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 582,166 shares of company stock worth $12,483,129. 0.40% of the stock is owned by insiders.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $22.14 on Friday. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.24. The company has a market capitalization of $29.12 billion, a P/E ratio of 11.65, a PEG ratio of 2.02 and a beta of 1.20. The business has a 50 day moving average price of $21.66 and a 200 day moving average price of $20.26. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 27.37%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price objective for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Loop Capital increased their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Stifel Nicolaus increased their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Susquehanna reissued a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Finally, Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the stock from $21.00 to $24.00 in a research note on Tuesday, September 17th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

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.