Mill Creek Capital Advisors LLC Purchases Shares of 9,841 Hewlett Packard Enterprise (NYSE:HPE)

Mill Creek Capital Advisors LLC purchased a new stake in Hewlett Packard Enterprise (NYSE:HPE) during the fourth quarter, Holdings Channel reports. The fund purchased 9,841 shares of the technology company’s stock, valued at approximately $210,000.

Several other large investors have also recently made changes to their positions in HPE. Savant Capital LLC lifted its stake in Hewlett Packard Enterprise by 4.9% during the 4th quarter. Savant Capital LLC now owns 186,018 shares of the technology company’s stock worth $3,971,000 after acquiring an additional 8,736 shares in the last quarter. AlphaStar Capital Management LLC increased its stake in Hewlett Packard Enterprise by 10.9% during the fourth quarter. AlphaStar Capital Management LLC now owns 104,215 shares of the technology company’s stock worth $2,225,000 after purchasing an additional 10,282 shares during the period. Apollon Wealth Management LLC lifted its position in shares of Hewlett Packard Enterprise by 16.8% during the fourth quarter. Apollon Wealth Management LLC now owns 30,196 shares of the technology company’s stock worth $645,000 after purchasing an additional 4,334 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. boosted its stake in shares of Hewlett Packard Enterprise by 1.2% in the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 488,326 shares of the technology company’s stock valued at $10,426,000 after purchasing an additional 5,689 shares during the period. Finally, Vest Financial LLC grew its holdings in shares of Hewlett Packard Enterprise by 25.5% in the fourth quarter. Vest Financial LLC now owns 26,951 shares of the technology company’s stock valued at $575,000 after purchasing an additional 5,470 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director now owns 104,192 shares in the company, valued at approximately $2,445,386.24. The trade was a 32.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the transaction, the senior vice president now owns 61,735 shares in the company, valued at approximately $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. Insiders sold a total of 332,166 shares of company stock valued at $7,300,629 over the last ninety days. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Down 1.3 %

HPE stock opened at $21.16 on Wednesday. The stock has a market cap of $27.83 billion, a P/E ratio of 11.14, a PEG ratio of 1.98 and a beta of 1.19. 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 twelve month low of $14.47 and a twelve month high of $24.66. The company’s 50 day moving average is $22.07 and its two-hundred day moving average is $20.47.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were paid 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 yield of 2.46%. Hewlett Packard Enterprise’s dividend payout ratio is currently 27.37%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HPE. Stifel Nicolaus increased their target price 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. StockNews.com cut Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Loop Capital boosted 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. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price target for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft raised 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. Six 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.