MGO One Seven LLC Takes Position in Hewlett Packard Enterprise (NYSE:HPE)

MGO One Seven LLC bought a new position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 19,864 shares of the technology company's stock, valued at approximately $424,000.

A number of other hedge funds have also recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in Hewlett Packard Enterprise by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company's stock valued at $686,011,000 after purchasing an additional 681,242 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $292,959,000. Boston Partners boosted its position in shares of Hewlett Packard Enterprise by 19.1% during the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock valued at $276,075,000 after buying an additional 2,058,562 shares during the last quarter. Slate Path Capital LP grew its holdings in Hewlett Packard Enterprise by 44.8% during the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock worth $270,914,000 after buying an additional 3,924,039 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Hewlett Packard Enterprise by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company's stock worth $208,055,000 after buying an additional 135,874 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HPE. Barclays cut their price objective on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Wells Fargo & Company reduced their price objective 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. Daiwa America lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price on the stock. in a research note on Wednesday, March 12th. Finally, StockNews.com lowered Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $20.60.

Insider Activity

In related news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock traded up $0.24 on Thursday, hitting $16.46. 14,716,288 shares of the stock were exchanged, compared to its average volume of 16,964,168. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $24.66. The firm's 50 day moving average is $15.99 and its two-hundred day moving average is $19.63. The firm has a market capitalization of $21.62 billion, a PE ratio of 8.66, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were paid a $0.13 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.16%. Hewlett Packard Enterprise's payout ratio is 25.37%.

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.