Synovus Financial Corp Has $486,000 Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Synovus Financial Corp boosted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 7.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 23,751 shares of the technology company’s stock after buying an additional 1,732 shares during the quarter. Synovus Financial Corp’s holdings in Hewlett Packard Enterprise were worth $486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC bought a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth about $25,000. Valley Wealth Managers Inc. bought a new position in Hewlett Packard Enterprise during the third quarter valued at about $26,000. Ashton Thomas Private Wealth LLC acquired a new position in Hewlett Packard Enterprise in the 2nd quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. lifted its position in shares of Hewlett Packard Enterprise by 571.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock worth $28,000 after acquiring an additional 1,143 shares during the period. Finally, Financial Management Professionals Inc. grew its holdings in shares of Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after purchasing an additional 637 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Fidelma Russo sold 55,908 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $19.99, for a total value of $1,117,600.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the sale, the chief executive officer now directly owns 1,758,641 shares in the company, valued at $34,680,400.52. This trade represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 717,601 shares of company stock worth $15,140,976. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Down 1.3 %

Shares of HPE opened at $21.57 on Wednesday. The company has a market capitalization of $28.01 billion, a P/E ratio of 11.35, a PEG ratio of 2.64 and a beta of 1.21. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.24. The business’s 50 day simple moving average is $21.11 and its 200-day simple moving average is $20.10. 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is currently 27.37%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HPE. Susquehanna restated a “neutral” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Barclays lifted their target price on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. StockNews.com raised shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, UBS Group lifted their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.79.

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.