Hewlett Packard Enterprise (NYSE:HPE) Position Lifted by Tidal Investments LLC

Tidal Investments LLC raised its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 25.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 450,351 shares of the technology company's stock after purchasing an additional 91,071 shares during the period. Tidal Investments LLC's holdings in Hewlett Packard Enterprise were worth $9,615,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HPE. Geode Capital Management LLC increased its holdings in Hewlett Packard Enterprise by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company's stock valued at $686,011,000 after buying an additional 681,242 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Hewlett Packard Enterprise by 24.7% in the 4th quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock valued at $345,534,000 after acquiring an additional 3,208,424 shares during the last quarter. Raymond James Financial Inc. bought a new position in Hewlett Packard Enterprise during the fourth quarter worth $292,959,000. Boston Partners lifted its stake in Hewlett Packard Enterprise by 19.1% during the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock worth $276,075,000 after purchasing an additional 2,058,562 shares during the last quarter. Finally, Slate Path Capital LP boosted its holdings in Hewlett Packard Enterprise by 44.8% in the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock worth $270,914,000 after purchasing an additional 3,924,039 shares during the period. Institutional investors and hedge funds own 80.78% of the company's stock.

Insider Transactions at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the firm's stock in a transaction dated 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 link. Company insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

HPE has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on shares of 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. Daiwa America downgraded Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Susquehanna dropped their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. StockNews.com downgraded Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Finally, Bank of America lowered their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Ten 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 data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $20.60.

Hewlett Packard Enterprise Trading Down 1.7%

NYSE:HPE opened at $17.45 on Tuesday. Hewlett Packard Enterprise has a 1 year low of $11.97 and a 1 year high of $24.66. The stock has a market cap of $22.92 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 2.03 and a beta of 1.29. The business has a fifty day moving average of $15.71 and a 200-day moving average of $19.36. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared 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 2.98%. Hewlett Packard Enterprise's payout ratio is 25.37%.

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.

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