One68 Global Capital LLC Purchases New Position in Hewlett Packard Enterprise (NYSE:HPE)

One68 Global Capital LLC purchased a new position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 140,696 shares of the technology company's stock, valued at approximately $3,004,000. Hewlett Packard Enterprise comprises about 1.6% of One68 Global Capital LLC's holdings, making the stock its 14th largest holding.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hara Capital LLC purchased a new stake in Hewlett Packard Enterprise during the fourth quarter valued at about $28,000. Tandem Financial LLC bought a new stake in Hewlett Packard Enterprise in the 4th quarter worth approximately $32,000. Conquis Financial LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter worth approximately $41,000. R Squared Ltd bought a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $45,000. Finally, Tompkins Financial Corp raised its stake 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 worth $61,000 after acquiring an additional 2,300 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Loop Capital lowered their price target on shares of 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. Susquehanna dropped their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Wells Fargo & Company decreased their price target on 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. Daiwa Capital Markets lowered Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price objective for the company. in a research note on Wednesday, March 12th. Finally, Morgan Stanley downgraded shares of Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 target price on the stock. in a research note on Tuesday, April 8th. Ten investment 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $20.60.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Up 2.8 %

Shares of NYSE HPE traded up $0.46 during mid-day trading on Friday, hitting $16.87. 15,401,955 shares of the stock traded hands, compared to its average volume of 17,011,988. The stock has a fifty day moving average price of $15.83 and a 200-day moving average price of $19.58. 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 company has a market cap of $22.16 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 2.03 and a beta of 1.29. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66.

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. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.08%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 25.37%.

Hewlett Packard Enterprise Company 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.