Three Seasons Wealth LLC Makes New Investment in Hewlett Packard Enterprise (NYSE:HPE)

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

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Hara Capital LLC bought a new position in shares of Hewlett Packard Enterprise during 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 position in Hewlett Packard Enterprise during the fourth quarter worth $41,000. R Squared Ltd acquired a new stake in Hewlett Packard Enterprise in the fourth quarter worth $45,000. Finally, Tompkins Financial Corp increased its stake in Hewlett Packard Enterprise by 397.9% in the fourth quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company’s stock valued at $61,000 after purchasing an additional 2,300 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction on 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 legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $16.21 on Friday. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66. The company’s 50 day moving average price is $16.41 and its two-hundred day moving average price is $19.76. The stock has a market cap of $21.29 billion, a P/E ratio of 8.53, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were issued 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 3.21%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 25.37%.

Analysts Set New Price Targets

Several brokerages have recently commented on HPE. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Bank of America lowered their target price on 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. Loop Capital reduced their price target on shares of 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. Barclays decreased their price target on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Finally, Susquehanna dropped their price objective on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Ten equities research 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.