Hewlett Packard Enterprise (NYSE:HPE) Sees Unusually-High Trading Volume - Here's Why

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 10,616,718 shares traded hands during mid-day trading, a decline of 36% from the previous session's volume of 16,514,150 shares.The stock last traded at $15.23 and had previously closed at $14.28.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. StockNews.com cut Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Susquehanna decreased their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Loop Capital reduced their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a research report on Monday, March 10th. Daiwa Capital Markets cut 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. Finally, Barclays reduced their price target 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. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of "Hold" and a consensus price target of $20.60.

Hewlett Packard Enterprise Price Performance

The stock's 50 day simple moving average is $16.89 and its 200-day simple moving average is $19.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The company has a market capitalization of $19.87 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders 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 3.44%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 25.37%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were 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 accessible through the SEC website. 0.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in Hewlett Packard Enterprise by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company's stock valued at $686,011,000 after purchasing an additional 681,242 shares in the last quarter. Northern Trust Corp grew its position in shares of Hewlett Packard Enterprise by 24.7% in the 4th quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock valued at $345,534,000 after buying an additional 3,208,424 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at $292,959,000. Boston Partners lifted its position in Hewlett Packard Enterprise by 19.1% in the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock valued at $276,075,000 after acquiring an additional 2,058,562 shares during the last quarter. Finally, Slate Path Capital LP boosted its stake in Hewlett Packard Enterprise by 44.8% in 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. Hedge funds and other institutional investors own 80.78% 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.