Kovitz Investment Group Partners LLC Decreases Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Kovitz Investment Group Partners LLC cut its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 63.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 100,765 shares of the technology company's stock after selling 176,075 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Hewlett Packard Enterprise were worth $2,151,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Hara Capital LLC acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth about $28,000. Tandem Financial LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $32,000. Conquis Financial LLC purchased a new position in Hewlett Packard Enterprise in the 4th quarter valued at approximately $41,000. R Squared Ltd acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth $45,000. Finally, Tompkins Financial Corp raised its holdings in Hewlett Packard Enterprise by 397.9% during the fourth quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company's stock worth $61,000 after purchasing an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HPE. Loop Capital dropped their price target on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research report on Monday, March 10th. StockNews.com cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Bank of America lowered their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price objective for the company. in a research report on Wednesday, March 12th. Finally, Barclays reduced their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Hewlett Packard Enterprise currently has an average rating of "Hold" and an average price target of $20.60.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the business's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Trading Up 1.5 %

NYSE HPE traded up $0.24 during trading hours on Thursday, hitting $16.46. 14,716,288 shares of the company's stock were exchanged, compared to its average volume of 16,994,399. The business's 50 day moving average is $15.99 and its 200-day moving average is $19.63. 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 12-month low of $11.97 and a 12-month high of $24.66. The firm has a market capitalization of $21.62 billion, a P/E ratio of 8.66, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were issued a dividend of $0.13 per share. The ex-dividend date was Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.16%. Hewlett Packard Enterprise's payout ratio is currently 25.37%.

Hewlett Packard Enterprise Profile

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.