Woodline Partners LP Has $30.04 Million Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Woodline Partners LP cut its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,407,093 shares of the technology company's stock after selling 128,737 shares during the quarter. Woodline Partners LP owned 0.11% of Hewlett Packard Enterprise worth $30,041,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth $292,959,000. Norges Bank purchased a new stake in Hewlett Packard Enterprise in the 4th quarter worth about $119,067,000. Slate Path Capital LP boosted its position in Hewlett Packard Enterprise by 44.8% during the 4th quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock worth $270,914,000 after acquiring an additional 3,924,039 shares during the period. Northern Trust Corp grew its stake 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 acquiring an additional 3,208,424 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $60,040,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction 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 can be accessed through the SEC website. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Stock Performance

HPE traded down $0.12 during midday trading on Monday, reaching $17.44. The company's stock had a trading volume of 9,263,387 shares, compared to its average volume of 17,324,457. Hewlett Packard Enterprise has a twelve month low of $11.97 and a twelve month high of $24.66. The stock has a market cap of $22.90 billion, a P/E ratio of 9.18, a PEG ratio of 2.03 and a beta of 1.29. The company has a fifty day simple moving average of $15.86 and a 200 day simple moving average of $19.27. 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 Dividend Announcement

The business 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. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HPE. Barclays cut their target price 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. Wall Street Zen cut Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Loop Capital lowered their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a research note on Monday, March 10th. Evercore ISI raised Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $17.00 to $22.00 in a research note on Tuesday, May 20th. Finally, Daiwa Capital Markets cut Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target for the company. in a research note on Wednesday, March 12th. Nine 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 company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $21.13.

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.