Schonfeld Strategic Advisors LLC Sells 67,045 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Schonfeld Strategic Advisors LLC cut its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 69.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,257 shares of the technology company's stock after selling 67,045 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Hewlett Packard Enterprise were worth $625,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Hara Capital LLC acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth approximately $28,000. Tandem Financial LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth $32,000. Conquis Financial LLC bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth $41,000. R Squared Ltd acquired a new stake in Hewlett Packard Enterprise in the fourth quarter valued at $45,000. Finally, Tompkins Financial Corp raised its position in Hewlett Packard Enterprise by 397.9% during the 4th quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company's stock worth $61,000 after purchasing an additional 2,300 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $16.84 on Friday. Hewlett Packard Enterprise has a twelve month low of $11.97 and a twelve month high of $24.66. The stock's 50 day moving average is $15.54 and its 200-day moving average is $19.45. 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 firm has a market capitalization of $22.12 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 2.03 and a beta of 1.29.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 25.37%.

Analyst Ratings Changes

Several brokerages have recently weighed in on HPE. StockNews.com cut Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Bank of America decreased their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Wells Fargo & Company reduced their price objective on shares of 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. Loop Capital lowered their target price 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. Finally, Morgan Stanley cut shares of Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price target on the stock. in a research report on Tuesday, April 8th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $20.60.

Insider Activity

In related news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction that occurred 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 SEC, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company's stock.

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.

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