120,583 Shares in Hewlett Packard Enterprise (NYSE:HPE) Acquired by Duality Advisers LP

Duality Advisers LP purchased a new position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 120,583 shares of the technology company's stock, valued at approximately $2,047,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC purchased a new position in Hewlett Packard Enterprise during the 3rd quarter worth approximately $31,000. Ritter Daniher Financial Advisory LLC DE purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $33,000. Salem Investment Counselors Inc. grew its stake in shares of Hewlett Packard Enterprise by 180.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company's stock valued at $33,000 after purchasing an additional 1,261 shares during the last quarter. ORG Partners LLC grew its stake in shares of Hewlett Packard Enterprise by 111.4% in the 4th quarter. ORG Partners LLC now owns 2,615 shares of the technology company's stock valued at $44,000 after purchasing an additional 1,378 shares during the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $52,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on HPE shares. Sanford C. Bernstein downgraded Hewlett Packard Enterprise from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $20.00 to $17.00 in a research note on Tuesday, January 16th. Stifel Nicolaus lowered their target price on Hewlett Packard Enterprise from $20.00 to $18.00 and set a "buy" rating on the stock in a research note on Friday, March 1st. Evercore ISI lowered their target price on Hewlett Packard Enterprise from $19.00 to $18.00 and set an "in-line" rating on the stock in a research note on Friday, March 1st. Barclays lowered their target price on Hewlett Packard Enterprise from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Friday, March 1st. Finally, StockNews.com upgraded Hewlett Packard Enterprise from a "hold" rating to a "buy" rating in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of "Hold" and a consensus target price of $17.91.

Hewlett Packard Enterprise Price Performance

HPE stock traded up $0.01 during midday trading on Tuesday, hitting $16.84. 9,110,390 shares of the stock were exchanged, compared to its average volume of 15,087,288. The stock's 50-day moving average price is $16.92 and its 200-day moving average price is $16.40. The stock has a market cap of $21.89 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 3.11 and a beta of 1.21. Hewlett Packard Enterprise has a fifty-two week low of $13.65 and a fifty-two week high of $20.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $6.76 billion during the quarter, compared to analysts' expectations of $7.09 billion. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. Hewlett Packard Enterprise's revenue was down 13.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. Research analysts predict that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.52 annualized dividend and a yield of 3.09%. Hewlett Packard Enterprise's dividend payout ratio is presently 35.86%.

About Hewlett Packard Enterprise

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.