Hewlett Packard Enterprise (NYSE:HPE) Shares Acquired by Bayesian Capital Management LP

Bayesian Capital Management LP raised its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 68.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,418 shares of the technology company's stock after acquiring an additional 82,500 shares during the period. Bayesian Capital Management LP's holdings in Hewlett Packard Enterprise were worth $4,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Hara Capital LLC purchased a new position in Hewlett Packard Enterprise during the 4th quarter worth approximately $28,000. Tandem Financial LLC purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $32,000. Conquis Financial LLC acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at $41,000. R Squared Ltd purchased a new stake in Hewlett Packard Enterprise in the 4th quarter valued at $45,000. Finally, Tompkins Financial Corp boosted its stake in Hewlett Packard Enterprise by 397.9% during the 4th quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company's stock worth $61,000 after purchasing an additional 2,300 shares during the period. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE traded down $0.08 during trading on Friday, hitting $16.79. 5,815,259 shares of the stock were exchanged, compared to its average volume of 19,505,033. The company has a market cap of $22.05 billion, a PE ratio of 8.84, a P/E/G ratio of 2.03 and a beta of 1.29. 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 fifty day moving average price of $15.58 and a two-hundred day moving average price of $19.47. Hewlett Packard Enterprise has a 12-month low of $11.97 and a 12-month high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 25.37%.

Insider Activity

In related news, Director Bethany Mayer sold 6,409 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was 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 SEC, which is accessible through this hyperlink. Company insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HPE. Barclays reduced 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 report on Friday, March 7th. Morgan Stanley cut Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price objective for the company. in a research report on Tuesday, April 8th. Wells Fargo & Company dropped their target price on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a report on Friday, March 7th. Loop Capital cut their price target on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research note on Monday, March 10th. Finally, StockNews.com lowered shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research 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 given 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.

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.