Colonial Trust Co SC Increases Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Colonial Trust Co SC boosted its position in Hewlett Packard Enterprise (NYSE:HPE) by 16.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,420 shares of the technology company’s stock after buying an additional 622 shares during the period. Colonial Trust Co SC’s holdings in Hewlett Packard Enterprise were worth $94,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in shares of Hewlett Packard Enterprise by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company’s stock worth $686,011,000 after acquiring an additional 681,242 shares during the period. Northern Trust Corp boosted its holdings in Hewlett Packard Enterprise by 24.7% in the fourth quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company’s stock valued at $345,534,000 after purchasing an additional 3,208,424 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $292,959,000. Boston Partners lifted its holdings in shares of Hewlett Packard Enterprise by 19.1% in the 4th quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock valued at $276,075,000 after buying an additional 2,058,562 shares during the period. Finally, Slate Path Capital LP boosted its stake in shares of Hewlett Packard Enterprise by 44.8% in the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company’s stock worth $270,914,000 after buying an additional 3,924,039 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the firm’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 value of $84,534.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.36% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $16.84 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The stock has a market capitalization of $22.12 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. The business has a 50 day simple moving average of $15.54 and a 200-day simple moving average of $19.45. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.09%. Hewlett Packard Enterprise’s dividend payout ratio is currently 25.37%.

Analysts Set New Price Targets

A number of research analysts have issued reports on HPE shares. Loop Capital decreased their price target on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a report on Monday, March 10th. 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 report on Friday, March 7th. Wells Fargo & Company decreased 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. Morgan Stanley cut Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $14.00 target price on the stock. in a research report on Tuesday, April 8th. Finally, Susquehanna dropped their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.60.

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.