Hewlett Packard Enterprise (NYSE:HPE) Position Lowered by Two Sigma Advisers LP

Two Sigma Advisers LP lessened its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 64.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 70,300 shares of the technology company's stock after selling 125,700 shares during the period. Two Sigma Advisers LP's holdings in Hewlett Packard Enterprise were worth $1,501,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in Hewlett Packard Enterprise in the fourth quarter worth about $292,959,000. Norges Bank bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth $119,067,000. Slate Path Capital LP raised its stake in shares of Hewlett Packard Enterprise by 44.8% during the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock valued at $270,914,000 after acquiring an additional 3,924,039 shares in the last quarter. Northern Trust Corp increased its position in Hewlett Packard Enterprise by 24.7% during the 4th quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock valued at $345,534,000 after purchasing an additional 3,208,424 shares during the period. Finally, Freestone Grove Partners LP purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth $60,040,000. 80.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on HPE shares. Daiwa America cut shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Bank of America dropped their target price on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a report on Friday, March 7th. Wells Fargo & Company lifted their target price on shares of Hewlett Packard Enterprise from $17.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday. UBS Group boosted their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Morgan Stanley boosted their target price on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and an average price target of $21.53.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE traded up $0.24 during trading on Wednesday, reaching $17.93. The company had a trading volume of 18,564,528 shares, compared to its average volume of 17,231,730. 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 stock has a market capitalization of $23.55 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. Hewlett Packard Enterprise has a twelve month low of $11.97 and a twelve month high of $24.66. The stock has a 50-day moving average price of $16.05 and a two-hundred day moving average price of $19.09.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 8.56% and a return on equity of 8.94%. The company had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. During the same period last year, the company earned $0.42 EPS. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, sell-side analysts predict that Hewlett Packard Enterprise will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were paid a dividend of $0.13 per share. The ex-dividend date was Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 2.90%. Hewlett Packard Enterprise's dividend payout ratio is presently 25.37%.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.