Hewlett Packard Enterprise (NYSE:HPE) Position Reduced by Whale Rock Capital Management LLC

Whale Rock Capital Management LLC reduced its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 49.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,906,125 shares of the technology company's stock after selling 1,835,766 shares during the quarter. Whale Rock Capital Management LLC owned about 0.14% of Hewlett Packard Enterprise worth $40,696,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HPE. Hara Capital LLC bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at $28,000. Tandem Financial LLC acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $32,000. Conquis Financial LLC purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at $41,000. R Squared Ltd acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $45,000. Finally, Intact Investment Management Inc. acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $68,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction dated 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 is available at the SEC website. 0.36% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HPE. Barclays reduced their price target on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Daiwa Capital Markets downgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target on the stock. in a research note on Wednesday, March 12th. Bank of America dropped their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company reduced their target price on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Finally, Susquehanna lowered 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. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $20.60.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE opened at $17.45 on Tuesday. The firm has a market capitalization of $22.92 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 2.03 and a beta of 1.29. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $24.66. The business has a fifty day simple moving average of $15.71 and a 200 day simple moving average of $19.36. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio is 25.37%.

Hewlett Packard Enterprise 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.

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