Brooklyn FI LLC bought a new position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 245,392 shares of the technology company's stock, valued at approximately $5,182,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Putney Financial Group LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter valued at $25,000. Hara Capital LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter valued at $28,000. Ameriflex Group Inc. acquired a new stake in Hewlett Packard Enterprise during the fourth quarter valued at $31,000. Tandem Financial LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter valued at $32,000. Finally, Elequin Capital LP acquired a new stake in Hewlett Packard Enterprise during the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 80.78% of the company's stock.
Analyst Ratings Changes
A number of analysts have weighed in on HPE shares. Susquehanna reduced their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Morgan Stanley boosted their price target on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 20th. Wall Street Zen cut Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Loop Capital reduced their price target 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. Finally, Bank of America reduced their price target on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $21.13.
Check Out Our Latest Report on Hewlett Packard Enterprise
Hewlett Packard Enterprise Stock Performance
HPE traded down $0.40 on Friday, hitting $17.25. 26,150,174 shares of the stock traded hands, compared to its average volume of 17,273,701. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66. 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 firm has a market capitalization of $22.66 billion, a PE ratio of 9.08, a P/E/G ratio of 2.03 and a beta of 1.29. The business has a fifty day moving average price of $15.99 and a two-hundred day moving average price of $19.16.
Hewlett Packard Enterprise Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.01%. Hewlett Packard Enterprise's dividend payout ratio is 25.37%.
Insider Activity at Hewlett Packard Enterprise
In other 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 can be accessed through this link. Corporate insiders own 0.36% of the company's stock.
Hewlett Packard Enterprise Company Profile
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Free Report)
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.
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