Guggenheim Capital LLC Has $1.91 Million Position in Hewlett Packard Enterprise (NYSE:HPE)

Guggenheim Capital LLC lowered its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,371 shares of the technology company's stock after selling 25,995 shares during the quarter. Guggenheim Capital LLC's holdings in Hewlett Packard Enterprise were worth $1,908,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hara Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $28,000. Tandem Financial LLC acquired a new stake in Hewlett Packard Enterprise in the fourth quarter worth approximately $32,000. Conquis Financial LLC bought a new position in Hewlett Packard Enterprise during the 4th quarter valued at $41,000. R Squared Ltd acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at $45,000. Finally, Tompkins Financial Corp raised its stake in shares of Hewlett Packard Enterprise by 397.9% in the 4th quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company's stock worth $61,000 after buying an additional 2,300 shares in the last quarter. Institutional investors own 80.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HPE. Barclays lowered their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Susquehanna dropped 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 report on Friday, March 7th. Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price for the company. in a report on Wednesday, March 12th. StockNews.com lowered shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Daiwa America downgraded Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of "Hold" and an average target price of $20.60.

Insider Transactions at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction dated 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 filing with the SEC, which is available through the SEC website. Insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE traded up $0.03 during trading hours on Friday, hitting $16.21. 3,018,050 shares of the company's stock were exchanged, compared to its average volume of 16,844,629. The stock has a market capitalization of $21.29 billion, a price-to-earnings ratio of 8.52, a PEG ratio of 2.03 and a beta of 1.20. The company's 50-day moving average price is $16.41 and its 200-day moving average price is $19.76. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $24.66.

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 given a $0.13 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.21%. Hewlett Packard Enterprise's dividend payout ratio is 25.37%.

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.