Lighthouse Investment Partners LLC Sells 311,854 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Lighthouse Investment Partners LLC reduced its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 67.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,380 shares of the technology company's stock after selling 311,854 shares during the quarter. Lighthouse Investment Partners LLC's holdings in Hewlett Packard Enterprise were worth $3,275,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $292,959,000. Norges Bank bought a new stake in Hewlett Packard Enterprise in the 4th quarter valued at approximately $119,067,000. Slate Path Capital LP boosted its position in Hewlett Packard Enterprise by 44.8% during the 4th quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock worth $270,914,000 after acquiring an additional 3,924,039 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Hewlett Packard Enterprise by 24.7% in the fourth quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock valued at $345,534,000 after purchasing an additional 3,208,424 shares during the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $60,040,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE traded up $0.14 during mid-day trading on Friday, hitting $17.76. 11,733,880 shares of the stock were exchanged, compared to its average volume of 17,195,018. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The firm's 50-day simple moving average is $15.61 and its 200 day simple moving average is $19.40. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $24.66. The stock has a market capitalization of $23.32 billion, a price-to-earnings ratio of 9.34, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio is 25.37%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HPE shares. StockNews.com cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Susquehanna reduced their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Loop Capital decreased their price target on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research note on Monday, March 10th. Barclays cut their price objective on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Finally, Daiwa Capital Markets downgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price on the stock. in a report on Wednesday, March 12th. Ten equities research 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. Based on data from MarketBeat.com, the company currently 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.