Slate Path Capital LP Has $270.91 Million Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Slate Path Capital LP increased its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 44.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,689,164 shares of the technology company's stock after purchasing an additional 3,924,039 shares during the period. Hewlett Packard Enterprise comprises about 4.9% of Slate Path Capital LP's investment portfolio, making the stock its 3rd largest position. Slate Path Capital LP owned about 0.96% of Hewlett Packard Enterprise worth $270,914,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $28,000. Tandem Financial LLC acquired a new stake in Hewlett Packard Enterprise in the 4th quarter valued at $32,000. Conquis Financial LLC bought a new stake in Hewlett Packard Enterprise in the fourth quarter valued at $41,000. R Squared Ltd acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth $45,000. Finally, Tompkins Financial Corp lifted its holdings in shares of Hewlett Packard Enterprise by 397.9% during the fourth quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company's stock valued at $61,000 after acquiring an additional 2,300 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction that occurred 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 SEC, which can be accessed through this link. 0.36% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Trading Up 0.6 %

Shares of HPE traded up $0.10 on Friday, reaching $16.28. 10,290,544 shares of the company's stock were exchanged, compared to its average volume of 16,937,766. The business has a 50 day moving average price of $16.30 and a two-hundred day moving average price of $19.71. 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 $21.38 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise's payout ratio is 25.37%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HPE shares. Loop Capital lowered their target price on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a report on Monday, March 10th. Wells Fargo & Company dropped their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Barclays reduced 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. Morgan Stanley downgraded 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 report on Tuesday, April 8th. Finally, Susquehanna decreased their target price 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. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of "Hold" and an average price target 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.