Empowered Funds LLC Sells 479,624 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Empowered Funds LLC cut its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 93.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,904 shares of the technology company’s stock after selling 479,624 shares during the quarter. Empowered Funds LLC’s holdings in Hewlett Packard Enterprise were worth $767,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Kathmere Capital Management LLC increased its position in Hewlett Packard Enterprise by 87.2% during the fourth quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company’s stock worth $544,000 after acquiring an additional 11,869 shares during the period. Lebenthal Global Advisors LLC raised its position in shares of Hewlett Packard Enterprise by 83.7% in the fourth quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock valued at $771,000 after buying an additional 16,447 shares in the last quarter. Nordea Investment Management AB boosted 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 valued at $155,142,000 after buying an additional 1,885,559 shares during the period. Moloney Securities Asset Management LLC bought a new position in Hewlett Packard Enterprise during the 3rd quarter worth $861,000. Finally, National Pension Service increased its stake in Hewlett Packard Enterprise by 17.3% during the 3rd quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock worth $65,528,000 after acquiring an additional 472,885 shares during the period. Institutional investors own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value of $5,682,125.16. Following the sale, the executive vice president now owns 270,430 shares in the company, valued at $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jeremy Cox sold 7,771 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the completion of the sale, the senior vice president now owns 61,735 shares of the company’s stock, valued at $1,419,905. This trade represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 332,166 shares of company stock worth $7,300,629. 0.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on HPE. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, December 19th. Loop Capital upped 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. Barclays raised their price objective on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. StockNews.com downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $23.00 to $28.00 in a report on Thursday, December 5th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.00.

Hewlett Packard Enterprise Trading Up 2.1 %

Shares of HPE opened at $21.73 on Tuesday. 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 $14.47 and a 1-year high of $24.66. The company has a market capitalization of $28.58 billion, a P/E ratio of 11.43, a P/E/G ratio of 1.98 and a beta of 1.19. The firm’s 50 day simple moving average is $22.00 and its 200 day simple moving average is $20.52.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 27.37%.

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.