Clearline Capital LP Sells 771,501 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Clearline Capital LP trimmed its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 64.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 428,549 shares of the technology company's stock after selling 771,501 shares during the quarter. Clearline Capital LP's holdings in Hewlett Packard Enterprise were worth $9,150,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HPE. Principal Financial Group Inc. lifted its holdings in Hewlett Packard Enterprise by 4.6% in the third quarter. Principal Financial Group Inc. now owns 1,561,022 shares of the technology company's stock valued at $31,939,000 after buying an additional 68,892 shares during the period. Fulton Bank N.A. raised its stake in shares of Hewlett Packard Enterprise by 27.7% in the fourth quarter. Fulton Bank N.A. now owns 13,501 shares of the technology company's stock worth $288,000 after purchasing an additional 2,928 shares during the last quarter. First Hawaiian Bank lifted its stake in Hewlett Packard Enterprise by 16.2% during the 4th quarter. First Hawaiian Bank now owns 30,611 shares of the technology company's stock valued at $654,000 after acquiring an additional 4,258 shares in the last quarter. Graypoint LLC lifted its position in shares of Hewlett Packard Enterprise by 2.6% during the fourth quarter. Graypoint LLC now owns 36,295 shares of the technology company's stock valued at $775,000 after purchasing an additional 936 shares in the last quarter. Finally, Czech National Bank lifted its position in shares of Hewlett Packard Enterprise by 6.4% during the 4th quarter. Czech National Bank now owns 281,578 shares of the technology company's stock worth $6,012,000 after buying an additional 16,821 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on HPE shares. Daiwa America cut shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. 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 note on Friday, March 7th. Loop Capital reduced their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research report on Monday, March 10th. Morgan Stanley lowered shares of Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price target on the stock. in a report on Tuesday, April 8th. Finally, Bank of America decreased their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $20.60.

Hewlett Packard Enterprise Trading Down 0.2 %

Hewlett Packard Enterprise stock traded down $0.03 during mid-day trading on Friday, reaching $16.84. 15,585,243 shares of the company traded hands, compared to its average volume of 17,155,326. The firm's 50 day moving average price is $15.54 and its 200 day moving average price is $19.45. The firm has a market capitalization of $22.12 billion, a price-to-earnings ratio of 8.86, a P/E/G ratio of 2.03 and a beta of 1.29. 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 has a 52-week low of $11.97 and a 52-week high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were given a dividend of $0.13 per share. The ex-dividend date was Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.09%. Hewlett Packard Enterprise's payout ratio is 25.37%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.36% of the stock is owned by insiders.

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.