Turning Point Benefit Group Inc. Takes Position in Hewlett Packard Enterprise (NYSE:HPE)

Turning Point Benefit Group Inc. purchased a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,794 shares of the technology company’s stock, valued at approximately $347,000.

Other institutional investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new stake in Hewlett Packard Enterprise in the third quarter worth approximately $25,000. Valley Wealth Managers Inc. bought a new position in Hewlett Packard Enterprise in the third quarter worth approximately $26,000. Hara Capital LLC bought a new position in Hewlett Packard Enterprise in the fourth quarter worth approximately $28,000. Financial Management Professionals Inc. raised its position in Hewlett Packard Enterprise by 80.3% in the third 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, Tandem Financial LLC bought a new position in Hewlett Packard Enterprise in the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, December 9th. The shares were sold at an average price of $23.47, for a total value of $1,173,500.00. Following the sale, the director now directly owns 104,192 shares in the company, valued at approximately $2,445,386.24. The trade was a 32.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the sale, the senior vice president now owns 48,615 shares in the company, valued at approximately $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 332,166 shares of company stock worth $7,300,629. Insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

HPE has been the topic of several recent research reports. Loop Capital increased their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE opened at $21.17 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The company has a market cap of $27.80 billion, a P/E ratio of 11.14, a P/E/G ratio of 2.03 and a beta of 1.19. The firm’s fifty day moving average is $21.96 and its two-hundred day moving average is $20.58. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.46%. Hewlett Packard Enterprise’s dividend payout ratio is currently 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.