MMA Asset Management LLC Sells 16,535 Shares of Hewlett Packard Enterprise (NYSE:HPE)

MMA Asset Management LLC cut its position in Hewlett Packard Enterprise (NYSE:HPE) by 43.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,689 shares of the technology company’s stock after selling 16,535 shares during the quarter. MMA Asset Management LLC’s holdings in Hewlett Packard Enterprise were worth $463,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HPE. Mather Group LLC. increased its holdings in shares of Hewlett Packard Enterprise by 6.2% during the fourth quarter. Mather Group LLC. now owns 7,557 shares of the technology company’s stock valued at $161,000 after acquiring an additional 440 shares in the last quarter. Lakewood Asset Management LLC increased its holdings in shares of Hewlett Packard Enterprise by 0.4% during the fourth quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company’s stock valued at $2,242,000 after acquiring an additional 457 shares in the last quarter. Essex Financial Services Inc. increased its holdings in shares of Hewlett Packard Enterprise by 3.6% during the fourth quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company’s stock valued at $286,000 after acquiring an additional 461 shares in the last quarter. Westside Investment Management Inc. increased its holdings in shares of Hewlett Packard Enterprise by 0.8% during the fourth quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock valued at $1,335,000 after acquiring an additional 475 shares in the last quarter. Finally, Waterfront Wealth Inc. increased its holdings in shares of Hewlett Packard Enterprise by 0.4% during the fourth quarter. Waterfront Wealth Inc. now owns 129,698 shares of the technology company’s stock valued at $2,769,000 after acquiring an additional 524 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP John F. Schultz sold 262,818 shares of the 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 transaction, the executive vice president now owns 270,430 shares in the company, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $23.00, for a total value of $178,733.00. Following the transaction, the senior vice president now owns 61,735 shares in the company, valued at $1,419,905. This trade represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 332,166 shares of company stock worth $7,300,629 in the last quarter. Corporate insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Barclays upped their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $23.00 to $28.00 in a report on Thursday, December 5th. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their target price for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Finally, Loop Capital upped their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Six 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Trading Down 0.1 %

Hewlett Packard Enterprise stock opened at $19.82 on Friday. 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 12 month low of $14.47 and a 12 month high of $24.66. The stock’s 50 day simple moving average is $21.84 and its two-hundred day simple moving average is $20.74. The firm has a market cap of $26.03 billion, a PE ratio of 10.43, a P/E/G ratio of 2.03 and a beta of 1.19.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were given a dividend of $0.13 per share. The ex-dividend date was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.62%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.37%.

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.