Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by GTS Securities LLC

GTS Securities LLC reduced its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 92.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,067 shares of the technology company's stock after selling 219,806 shares during the period. GTS Securities LLC's holdings in Hewlett Packard Enterprise were worth $386,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $28,000. Tandem Financial LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter worth $32,000. Elequin Capital LP bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $37,000. Conquis Financial LLC purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at $41,000. Finally, R Squared Ltd purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at $45,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Performance

NYSE HPE traded down $0.40 on Friday, reaching $17.25. The stock had a trading volume of 26,150,174 shares, compared to its average volume of 17,208,538. The business's 50-day moving average price is $15.99 and its 200 day moving average price is $19.12. Hewlett Packard Enterprise has a 12-month low of $11.97 and a 12-month high of $24.66. The stock has a market cap of $22.66 billion, a P/E ratio of 9.08, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were issued a $0.13 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.01%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.

Insider Buying and Selling

In other Hewlett Packard Enterprise 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 value of $84,534.71. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.36% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HPE. Morgan Stanley increased 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. Bank of America lowered their price objective on shares of 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. Susquehanna cut their target price on shares of 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. Evercore ISI upgraded shares of Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $17.00 to $22.00 in a report on Tuesday, May 20th. Finally, Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target for the company. in a research report on Wednesday, March 12th. Nine investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.13.

Hewlett Packard Enterprise Company 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.