Strategic Financial Concepts LLC Makes New Investment in Hewlett Packard Enterprise (NYSE:HPE)

Strategic Financial Concepts LLC acquired a new stake in Hewlett Packard Enterprise (NYSE:HPE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,528 shares of the technology company’s stock, valued at approximately $374,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HPE. Mather Group LLC. increased its position in Hewlett Packard Enterprise by 6.2% in the 4th quarter. Mather Group LLC. now owns 7,557 shares of the technology company’s stock valued at $161,000 after acquiring an additional 440 shares during the period. Lakewood Asset Management LLC grew its stake in shares of Hewlett Packard Enterprise by 0.4% in the 4th quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company’s stock valued at $2,242,000 after purchasing an additional 457 shares during the last quarter. Westside Investment Management Inc. increased its holdings in shares of Hewlett Packard Enterprise by 0.8% in the fourth quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock valued at $1,335,000 after purchasing an additional 475 shares during the period. True Link Financial Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 4.3% during the fourth quarter. True Link Financial Advisors LLC now owns 13,546 shares of the technology company’s stock worth $289,000 after purchasing an additional 560 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in shares of Hewlett Packard Enterprise by 6.4% during the third quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company’s stock worth $198,000 after purchasing an additional 579 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $21.10 on Thursday. The stock has a fifty day moving average price of $22.06 and a 200 day moving average price of $20.48. 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 has a 52 week low of $14.47 and a 52 week high of $24.66. The firm has a market capitalization of $27.75 billion, a P/E ratio of 11.11, a PEG ratio of 1.98 and a beta of 1.19.

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 dividend of $0.13 per share. 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 payout ratio is currently 27.37%.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the transaction, the senior vice president now owns 48,615 shares in the company, valued at approximately $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 332,166 shares of company stock valued at $7,300,629. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

HPE has been the subject of a number of analyst reports. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $23.00 to $26.00 in a research report on Friday, December 6th. Stifel Nicolaus increased their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $23.00 to $28.00 in a report on Thursday, December 5th. Loop Capital increased their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, StockNews.com cut Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average price target 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.