Captrust Financial Advisors Acquires 22,089 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Captrust Financial Advisors lifted its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 23.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,824 shares of the technology company's stock after purchasing an additional 22,089 shares during the period. Captrust Financial Advisors' holdings in Hewlett Packard Enterprise were worth $2,473,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HPE. Hara Capital LLC purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at $28,000. Tandem Financial LLC purchased a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $32,000. Conquis Financial LLC purchased a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $41,000. R Squared Ltd purchased a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $45,000. Finally, Tompkins Financial Corp lifted its holdings in Hewlett Packard Enterprise by 397.9% during the 4th quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company's stock worth $61,000 after buying an additional 2,300 shares during the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Down 0.6%

HPE traded down $0.11 on Wednesday, reaching $17.81. 16,645,116 shares of the company traded hands, compared to its average volume of 17,195,240. The stock's 50 day moving average price is $15.52 and its 200-day moving average price is $19.43. Hewlett Packard Enterprise has a 52-week low of $11.97 and a 52-week high of $24.66. The company has a market cap of $23.39 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 2.03 and a beta of 1.29. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Friday, March 21st. Hewlett Packard Enterprise's payout ratio is presently 25.37%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HPE shares. Barclays decreased their price target on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a report on Friday, March 7th. StockNews.com downgraded Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Wells Fargo & Company decreased their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Morgan Stanley downgraded Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price target for the company. in a report on Tuesday, April 8th. Finally, Daiwa America cut Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $20.60.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is currently owned by 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.