Bar Harbor Wealth Management Makes New Investment in Hewlett Packard Enterprise (NYSE:HPE)

Bar Harbor Wealth Management acquired a new stake in Hewlett Packard Enterprise (NYSE:HPE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 9,400 shares of the technology company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Moloney Securities Asset Management LLC purchased a new stake in Hewlett Packard Enterprise during the third quarter valued at about $861,000. Nordea Investment Management AB lifted its stake in shares of Hewlett Packard Enterprise by 35.1% in the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after acquiring an additional 1,885,559 shares during the last quarter. CHICAGO TRUST Co NA boosted its holdings in Hewlett Packard Enterprise by 67.8% during the 3rd quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock valued at $1,858,000 after acquiring an additional 36,704 shares during the period. National Pension Service grew its position in Hewlett Packard Enterprise by 17.3% during the 3rd quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock worth $65,528,000 after acquiring an additional 472,885 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in Hewlett Packard Enterprise by 110.8% in the 3rd quarter. HighTower Advisors LLC now owns 299,743 shares of the technology company’s stock worth $6,102,000 after purchasing an additional 157,561 shares during the period. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

HPE opened at $21.99 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company has a market cap of $28.92 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 2.02 and a beta of 1.20. The stock has a fifty day simple moving average of $21.70 and a two-hundred day simple moving average of $20.25. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $24.24.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.36%. Hewlett Packard Enterprise’s payout ratio is 27.37%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HPE. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Thursday, December 19th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Finally, Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price target for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Insider Activity at Hewlett Packard Enterprise

In other news, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the transaction, the executive vice president now directly owns 270,430 shares in the company, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeremy Cox sold 7,771 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the completion of the transaction, the senior vice president now owns 61,735 shares in the company, valued at approximately $1,419,905. The trade was a 11.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 332,166 shares of company stock valued at $7,300,629 in the last three months. Company insiders own 0.40% 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.