Apollon Wealth Management LLC Has $645,000 Stake in Hewlett Packard Enterprise (NYSE:HPE)

Apollon Wealth Management LLC increased its stake in Hewlett Packard Enterprise (NYSE:HPE) by 16.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,196 shares of the technology company’s stock after purchasing an additional 4,334 shares during the period. Apollon Wealth Management LLC’s holdings in Hewlett Packard Enterprise were worth $645,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its position in shares of Hewlett Packard Enterprise by 381.1% during the third quarter. Exchange Traded Concepts LLC now owns 12,840 shares of the technology company’s stock worth $263,000 after buying an additional 10,171 shares during the period. Creative Planning lifted its stake in Hewlett Packard Enterprise by 3.2% in the 3rd quarter. Creative Planning now owns 197,019 shares of the technology company’s stock valued at $4,031,000 after acquiring an additional 6,098 shares in the last quarter. NBC Securities Inc. boosted its position in Hewlett Packard Enterprise by 510.2% during the 3rd quarter. NBC Securities Inc. now owns 15,201 shares of the technology company’s stock worth $311,000 after acquiring an additional 12,710 shares during the last quarter. Vontobel Holding Ltd. grew its stake in shares of Hewlett Packard Enterprise by 7.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 1,538,862 shares of the technology company’s stock worth $31,485,000 after acquiring an additional 100,585 shares in the last quarter. Finally, Transform Wealth LLC raised its holdings in shares of Hewlett Packard Enterprise by 82.9% in the third quarter. Transform Wealth LLC now owns 140,696 shares of the technology company’s stock valued at $2,897,000 after purchasing an additional 63,753 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.4 %

HPE stock opened at $21.10 on Thursday. The stock has a market cap of $27.75 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 1.98 and a beta of 1.19. The company has a fifty day moving average price of $22.06 and a two-hundred day moving average price of $20.48. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.46%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 27.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the transaction, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. This trade represents a 19.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.47, for a total value of $1,173,500.00. Following the sale, the director now directly owns 104,192 shares of the company’s stock, valued at $2,445,386.24. This represents a 32.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 332,166 shares of company stock valued at $7,300,629 in the last three months. 0.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. Barclays increased their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Loop Capital lifted their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, December 19th. Finally, Stifel Nicolaus boosted their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Six 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $24.00.

Hewlett Packard Enterprise Company 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.