Three Seasons Wealth LLC Invests $503,000 in Hewlett Packard Enterprise (NYSE:HPE)

Three Seasons Wealth LLC acquired a new position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 23,421 shares of the technology company's stock, valued at approximately $503,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HPE. Hara Capital LLC bought a new position in Hewlett Packard Enterprise in the 4th quarter worth approximately $28,000. Tandem Financial LLC acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at $32,000. Conquis Financial LLC bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth $41,000. R Squared Ltd acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $45,000. Finally, Tompkins Financial Corp boosted its stake 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 valued at $61,000 after buying an additional 2,300 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Daiwa America cut shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Morgan Stanley downgraded Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price objective on the stock. in a report on Tuesday, April 8th. Bank of America cut their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Loop Capital cut their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a report on Monday, March 10th. Finally, Wells Fargo & Company dropped their target price on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a report on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $20.60.

Hewlett Packard Enterprise Stock Down 1.4 %

Shares of NYSE HPE traded down $0.23 during trading hours on Wednesday, hitting $16.08. The stock had a trading volume of 6,654,169 shares, compared to its average volume of 16,901,142. The company has a market capitalization of $21.12 billion, a P/E ratio of 8.46, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The firm's 50-day moving average price is $16.09 and its two-hundred day moving average price is $19.66. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.23%. Hewlett Packard Enterprise's payout ratio is currently 25.37%.

Insiders Place Their Bets

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

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.