ProShare Advisors LLC Acquires 24,560 Shares of Hewlett Packard Enterprise (NYSE:HPE)

ProShare Advisors LLC increased its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 10.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 260,170 shares of the technology company's stock after buying an additional 24,560 shares during the quarter. ProShare Advisors LLC's holdings in Hewlett Packard Enterprise were worth $5,555,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HPE. Quantinno Capital Management LP lifted its position in Hewlett Packard Enterprise by 2.3% during the fourth quarter. Quantinno Capital Management LP now owns 329,620 shares of the technology company's stock valued at $7,037,000 after purchasing an additional 7,346 shares during the period. Mufg Securities Americas Inc. purchased a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $409,000. Nissay Asset Management Corp Japan ADV raised its stake in Hewlett Packard Enterprise by 0.7% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 165,195 shares of the technology company's stock valued at $3,576,000 after buying an additional 1,139 shares during the last quarter. Nomura Holdings Inc. boosted its stake in shares of Hewlett Packard Enterprise by 106.2% in the 4th quarter. Nomura Holdings Inc. now owns 45,853 shares of the technology company's stock worth $979,000 after buying an additional 786,399 shares during the last quarter. Finally, Numerai GP LLC bought a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $226,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Price Performance

HPE traded up $0.01 during trading on Thursday, reaching $17.55. 14,226,894 shares of the company traded hands, compared to its average volume of 17,308,362. The company has a market cap of $23.05 billion, a P/E ratio of 9.24, a PEG 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 has a 12-month low of $11.97 and a 12-month high of $24.66. The firm has a fifty day simple moving average of $15.80 and a 200 day simple moving average of $19.34.

Hewlett Packard Enterprise Announces Dividend

The business 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 of this dividend was Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 2.96%. Hewlett Packard Enterprise's dividend payout ratio is currently 25.37%.

Wall Street Analysts Forecast Growth

HPE has been the subject of several recent research reports. Wells Fargo & Company cut their target price on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating for the company in a research report on Friday, March 7th. Susquehanna reduced their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Bank of America lowered their target price on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Barclays cut their price target on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Finally, Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price objective on the stock. in a research note on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and an average price target of $21.13.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the firm'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 transaction of $84,534.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.36% of the company's stock.

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.