Hewlett Packard Enterprise Company $HPE Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC cut its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 7.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,806 shares of the technology company’s stock after selling 1,571 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Hewlett Packard Enterprise were worth $385,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management purchased a new stake in Hewlett Packard Enterprise in the first quarter valued at approximately $25,000. Bruce G. Allen Investments LLC increased its holdings in shares of Hewlett Packard Enterprise by 345.0% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company’s stock valued at $26,000 after acquiring an additional 1,318 shares during the period. Zions Bancorporation National Association UT purchased a new stake in Hewlett Packard Enterprise in the 1st quarter valued at $27,000. MorganRosel Wealth Management LLC acquired a new stake in Hewlett Packard Enterprise during the 1st quarter worth $31,000. Finally, Financial Freedom LLC grew its position in Hewlett Packard Enterprise by 76.7% during the 1st quarter. Financial Freedom LLC now owns 2,197 shares of the technology company’s stock worth $34,000 after purchasing an additional 954 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Activity

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 166,666 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the sale, the chief executive officer directly owned 1,585,726 shares in the company, valued at approximately $39,690,721.78. The trade was a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maeve C. Culloty sold 3,738 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total value of $93,898.56. The disclosure for this sale can be found here. In the last three months, insiders sold 543,738 shares of company stock worth $12,922,932. Company insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

HPE has been the subject of a number of research reports. Raymond James Financial upped their target price on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the company a “strong-buy” rating in a report on Thursday, September 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hewlett Packard Enterprise in a research note on Saturday, September 27th. Loop Capital lifted their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Monday, June 9th. Barclays upped their price target on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, July 3rd. Finally, Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $22.00 to $28.00 in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Hold” and an average price target of $25.06.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $24.79 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $25.36. The company has a 50-day simple moving average of $22.84 and a 200-day simple moving average of $19.38. The company has a market capitalization of $32.71 billion, a PE ratio of 30.23, a P/E/G ratio of 2.55 and a beta of 1.45.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 18th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.1%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 63.41%.

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.