Adage Capital Partners GP L.L.C. Increases Stake in Hewlett Packard Enterprise (NYSE:HPE)

Adage Capital Partners GP L.L.C. boosted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 18.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 888,336 shares of the technology company's stock after buying an additional 138,300 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.07% of Hewlett Packard Enterprise worth $18,966,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Kathmere Capital Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 87.2% during the 4th quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company's stock worth $544,000 after purchasing an additional 11,869 shares in the last quarter. Lebenthal Global Advisors LLC increased its holdings in Hewlett Packard Enterprise by 83.7% in the fourth quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company's stock worth $771,000 after purchasing an additional 16,447 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Hewlett Packard Enterprise by 35.1% in the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock valued at $155,142,000 after buying an additional 1,885,559 shares during the period. Korea Investment CORP increased its stake in Hewlett Packard Enterprise by 8.3% during the 4th quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company's stock valued at $21,434,000 after purchasing an additional 77,244 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 78.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company's stock valued at $19,545,000 after buying an additional 401,016 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock traded down $0.07 during trading hours on Wednesday, reaching $16.24. 18,451,933 shares of the company traded hands, compared to its average volume of 16,945,643. 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 12-month low of $11.97 and a 12-month high of $24.66. The company has a market cap of $21.33 billion, a P/E ratio of 8.55, a P/E/G ratio of 2.03 and a beta of 1.20. The firm has a 50-day moving average price of $16.09 and a 200 day moving average price of $19.66.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were issued a $0.13 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.20%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 25.37%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Susquehanna cut their price target 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 America cut Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Daiwa Capital Markets lowered shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price objective for the company. in a report on Wednesday, March 12th. StockNews.com lowered Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Loop Capital dropped their target price on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a report on Monday, March 10th. Ten equities research 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 company's stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of "Hold" and a consensus target price of $20.60.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the firm's stock in a transaction dated 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 this hyperlink. 0.36% of the stock is owned by corporate insiders.

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.