First National Trust Co Has $371,000 Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

First National Trust Co trimmed its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 52.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,383 shares of the technology company’s stock after selling 19,392 shares during the quarter. First National Trust Co’s holdings in Hewlett Packard Enterprise were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Kathmere Capital Management LLC raised its stake in shares of Hewlett Packard Enterprise by 87.2% in the fourth quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company’s stock valued at $544,000 after acquiring an additional 11,869 shares during the last quarter. Lebenthal Global Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 83.7% in the fourth quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock valued at $771,000 after acquiring an additional 16,447 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Hewlett Packard Enterprise by 35.1% in the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after acquiring an additional 1,885,559 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 78.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company’s stock valued at $19,545,000 after acquiring an additional 401,016 shares during the last quarter. Finally, USA Financial Formulas bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $617,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. StockNews.com cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Morgan Stanley dropped their price objective on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Wells Fargo & Company dropped their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, March 7th. Barclays dropped their price objective on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Finally, Bank of America dropped their price objective on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.27.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock opened at $15.68 on Friday. Hewlett Packard Enterprise has a 12-month low of $14.64 and a 12-month high of $24.66. The firm has a market capitalization of $20.60 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average of $20.84 and a 200-day moving average of $20.59.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 25.37%.

Insider Activity

In other news, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the transaction, the senior vice president now owns 48,615 shares of the company’s stock, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.