PDT Partners LLC Reduces Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

PDT Partners LLC reduced its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 24.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 84,094 shares of the technology company's stock after selling 27,700 shares during the quarter. PDT Partners LLC's holdings in Hewlett Packard Enterprise were worth $1,795,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Hewlett Packard Enterprise by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company's stock worth $686,011,000 after buying an additional 681,242 shares during the period. Northern Trust Corp increased its holdings in Hewlett Packard Enterprise by 24.7% in the 4th quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock worth $345,534,000 after acquiring an additional 3,208,424 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Hewlett Packard Enterprise during the 4th quarter worth approximately $292,959,000. Boston Partners lifted its holdings in Hewlett Packard Enterprise by 19.1% during the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock valued at $276,075,000 after purchasing an additional 2,058,562 shares in the last quarter. Finally, Slate Path Capital LP boosted its position in shares of Hewlett Packard Enterprise by 44.8% in the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock worth $270,914,000 after purchasing an additional 3,924,039 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE traded up $0.46 during mid-day trading on Friday, hitting $16.87. 15,401,955 shares of the company's stock traded hands, compared to its average volume of 17,011,988. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a 1 year low of $11.97 and a 1 year high of $24.66. The company's 50-day moving average is $15.83 and its two-hundred day moving average is $19.58. The company has a market capitalization of $22.16 billion, a P/E ratio of 8.88, a PEG ratio of 2.03 and a beta of 1.29.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise's payout ratio is 25.37%.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the firm's stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.36% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on HPE. Daiwa America cut shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Morgan Stanley downgraded Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price objective on the stock. in a research report on Tuesday, April 8th. Susquehanna cut their target price 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. Bank of America lowered their price target on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Finally, Wells Fargo & Company cut 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. 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's stock. According to MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of "Hold" and a consensus 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.