Dark Forest Capital Management LP Raises Position in Hewlett Packard Enterprise (NYSE:HPE)

Dark Forest Capital Management LP lifted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 212.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,356 shares of the technology company's stock after purchasing an additional 24,052 shares during the quarter. Dark Forest Capital Management LP's holdings in Hewlett Packard Enterprise were worth $755,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HPE. Kathmere Capital Management LLC boosted its stake in Hewlett Packard Enterprise by 87.2% during the fourth quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company's stock worth $544,000 after buying an additional 11,869 shares during the period. Lebenthal Global Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 83.7% during the 4th 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 during the period. Nordea Investment Management AB increased its holdings in 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 purchasing an additional 1,885,559 shares during the last quarter. Korea Investment CORP raised its position in Hewlett Packard Enterprise by 8.3% in the fourth 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 during the period. Finally, Nisa Investment Advisors LLC lifted its stake in 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 worth $19,545,000 after purchasing an additional 401,016 shares in the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the business's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.36% of the stock is owned by insiders.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock traded down $0.24 during mid-day trading on Wednesday, hitting $16.07. 4,845,946 shares of the stock were exchanged, compared to its average volume of 16,892,942. The stock's fifty day simple moving average is $16.09 and its two-hundred day simple moving average is $19.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. Hewlett Packard Enterprise has a 12-month low of $11.97 and a 12-month high of $24.66. The stock has a market capitalization of $21.11 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio is currently 25.37%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Loop Capital cut their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a report on Monday, March 10th. StockNews.com lowered Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target on the stock. in a report on Wednesday, March 12th. Morgan Stanley cut Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price objective for the company. in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company cut their target price on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Friday, March 7th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise currently has an average rating of "Hold" and a consensus target price of $20.60.

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.