Signal Advisors Wealth LLC Takes $300,000 Position in Hewlett Packard Enterprise Company $HPE

Signal Advisors Wealth LLC acquired a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 14,709 shares of the technology company’s stock, valued at approximately $300,000.

Several other large investors also recently made changes to their positions in HPE. Putney Financial Group LLC acquired a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $25,000. Alpine Bank Wealth Management acquired a new stake in Hewlett Packard Enterprise during the 1st quarter valued at $25,000. Bruce G. Allen Investments LLC lifted its holdings in Hewlett Packard Enterprise by 345.0% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company’s stock valued at $26,000 after purchasing an additional 1,318 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in Hewlett Packard Enterprise during the 1st quarter valued at $27,000. Finally, Hara Capital LLC acquired a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 40,000 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $24.58, for a total value of $983,200.00. Following the transaction, the director owned 83,869 shares of the company’s stock, valued at approximately $2,061,500.02. The trade was a 32.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Phil Mottram sold 30,000 shares of the business’s stock in a transaction on Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the transaction, the executive vice president directly owned 42,427 shares in the company, valued at approximately $871,450.58. This represents a 41.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 668,590 shares of company stock worth $15,265,033 in the last ninety days. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Down 1.0%

HPE stock opened at $24.99 on Friday. The stock’s fifty day simple moving average is $21.98 and its two-hundred day simple moving average is $18.69. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $25.35. The stock has a market cap of $32.97 billion, a P/E ratio of 30.48, a P/E/G ratio of 2.57 and a beta of 1.43.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 18th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 annualized dividend and a yield of 2.1%. Hewlett Packard Enterprise’s payout ratio is currently 63.41%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Barclays increased their price objective on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, July 3rd. UBS Group raised their price objective on Hewlett Packard Enterprise from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, September 4th. Loop Capital raised their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Monday, June 9th. Deutsche Bank Aktiengesellschaft lifted their price target on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, Wolfe Research initiated coverage on Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They issued a “peer perform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and a consensus price target of $24.81.

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.