Hewlett Packard Enterprise (NYSE:HPE) Position Increased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd lifted its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 102.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 237,300 shares of the technology company's stock after buying an additional 120,143 shares during the quarter. Point72 Hong Kong Ltd's holdings in Hewlett Packard Enterprise were worth $5,066,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hara Capital LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $28,000. Tandem Financial LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $32,000. Conquis Financial LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $41,000. R Squared Ltd purchased a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $45,000. Finally, Tompkins Financial Corp grew its holdings in Hewlett Packard Enterprise by 397.9% in the fourth quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company's stock valued at $61,000 after purchasing an additional 2,300 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Up 0.8%

Shares of NYSE HPE traded up $0.14 during trading on Friday, reaching $17.76. 11,733,880 shares of the stock were exchanged, compared to its average volume of 17,254,973. The business's 50-day moving average price is $15.66 and its 200 day moving average price is $19.38. Hewlett Packard Enterprise has a twelve month low of $11.97 and a twelve month high of $24.66. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The company 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 Announces Dividend

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

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise 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 transaction of $84,534.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Wells Fargo & Company lowered their target price 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. Barclays reduced their price target on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Susquehanna reduced their price target on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Finally, Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target on the stock. in a research report on Wednesday, March 12th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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.