Lighthouse Investment Partners LLC lessened its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 67.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,380 shares of the technology company's stock after selling 311,854 shares during the period. Lighthouse Investment Partners LLC's holdings in Hewlett Packard Enterprise were worth $3,275,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of HPE. Hara Capital LLC bought a new position in Hewlett Packard Enterprise in the 4th quarter worth approximately $28,000. Tandem Financial LLC bought a new position in Hewlett Packard Enterprise in the 4th quarter worth approximately $32,000. Conquis Financial LLC bought a new position in Hewlett Packard Enterprise in the 4th quarter worth approximately $41,000. R Squared Ltd bought a new position in Hewlett Packard Enterprise in the 4th quarter worth approximately $45,000. Finally, Tompkins Financial Corp grew its holdings in Hewlett Packard Enterprise by 397.9% during the 4th quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company's stock worth $61,000 after acquiring an additional 2,300 shares during the period. Institutional investors own 80.78% of the company's stock.
Hewlett Packard Enterprise Stock Up 0.8%
HPE traded up $0.14 during trading on Friday, hitting $17.76. The company had a trading volume of 11,733,880 shares, compared to its average volume of 17,254,973. The company has a market capitalization of $23.32 billion, a PE ratio of 9.34, a PEG ratio of 2.03 and a beta of 1.29. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $24.66. The firm's 50-day moving average price is $15.66 and its 200 day moving average price is $19.38. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.
Hewlett Packard Enterprise Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors 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 2.93%. Hewlett Packard Enterprise's dividend payout ratio is currently 25.37%.
Insider Activity at Hewlett Packard Enterprise
In related news, Director Bethany Mayer sold 6,409 shares of the business's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.36% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of analysts have commented 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 for the company in a report on Monday, March 10th. Daiwa Capital Markets lowered 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. Bank of America lowered their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a report on Friday, March 7th. Daiwa America lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Finally, Barclays lowered their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company 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 issued a strong buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of "Hold" and an average target price of $20.60.
View Our Latest Stock Report on Hewlett Packard Enterprise
About Hewlett Packard Enterprise
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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.
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