Cypress Capital Group Lowers Position in Hewlett Packard Enterprise (NYSE:HPE)

Cypress Capital Group decreased its position in Hewlett Packard Enterprise (NYSE:HPE) by 23.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,603 shares of the technology company’s stock after selling 8,867 shares during the period. Cypress Capital Group’s holdings in Hewlett Packard Enterprise were worth $632,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new stake in Hewlett Packard Enterprise during the third quarter worth about $25,000. Valley Wealth Managers Inc. purchased a new stake in Hewlett Packard Enterprise during the third quarter worth about $26,000. Hara Capital LLC purchased a new stake in Hewlett Packard Enterprise during the fourth quarter worth about $28,000. Tandem Financial LLC purchased a new stake in Hewlett Packard Enterprise during the fourth quarter worth about $32,000. Finally, R Squared Ltd purchased a new stake in Hewlett Packard Enterprise during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HPE shares. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from $23.00 to $29.00 in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Thursday, December 19th. Stifel Nicolaus lifted their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Loop Capital lifted their target price 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. Finally, StockNews.com lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and an average price target of $24.00.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $18.89 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. Hewlett Packard Enterprise has a 1 year low of $15.77 and a 1 year high of $24.66. The firm has a 50 day moving average price of $21.67 and a 200 day moving average price of $20.75. The company has a market cap of $24.81 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 2.03 and a beta of 1.19.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,771 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were 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 directly owns 61,735 shares in the company, valued at $1,419,905. The trade was a 11.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the sale, the executive vice president now owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This represents a 49.29 % 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 worth $7,300,629 over the last ninety days. 0.36% of the stock is owned by company insiders.

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.