Cetera Investment Advisers Sells 13,879 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Cetera Investment Advisers lessened its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,454 shares of the technology company’s stock after selling 13,879 shares during the quarter. Cetera Investment Advisers’ holdings in Hewlett Packard Enterprise were worth $3,319,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Mather Group LLC. raised its holdings in Hewlett Packard Enterprise by 6.2% in the 4th quarter. Mather Group LLC. now owns 7,557 shares of the technology company’s stock valued at $161,000 after buying an additional 440 shares during the last quarter. Essex Financial Services Inc. raised its holdings in Hewlett Packard Enterprise by 3.6% in the 4th quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company’s stock valued at $286,000 after buying an additional 461 shares during the last quarter. Westside Investment Management Inc. raised its holdings in Hewlett Packard Enterprise by 0.8% in the 4th quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock valued at $1,335,000 after buying an additional 475 shares during the last quarter. Aviso Financial Inc. raised its holdings in Hewlett Packard Enterprise by 0.9% in the 4th quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company’s stock valued at $1,154,000 after buying an additional 490 shares during the last quarter. Finally, Forum Financial Management LP increased its position in Hewlett Packard Enterprise by 2.2% during the 4th quarter. Forum Financial Management LP now owns 23,639 shares of the technology company’s stock valued at $505,000 after purchasing an additional 515 shares during the period. Institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling

In related news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.36% of the stock is owned by company insiders.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $17.76 on Friday. The company has a market cap of $23.32 billion, a price-to-earnings ratio of 9.34, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $15.66 and a 200-day moving average of $19.39.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date was Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio is currently 25.37%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HPE. Loop Capital decreased their target price 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. Daiwa America downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Barclays decreased their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Wells Fargo & Company decreased their target price 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. Finally, Bank of America decreased their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Hold” and an average 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.