Arrowstreet Capital Limited Partnership Trims Stake in Hewlett Packard Enterprise (NYSE:HPE)

Arrowstreet Capital Limited Partnership decreased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 97.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 119,989 shares of the technology company's stock after selling 3,842,105 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in Hewlett Packard Enterprise were worth $2,562,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Integrated Wealth Concepts LLC boosted its position in Hewlett Packard Enterprise by 4.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 31,052 shares of the technology company's stock valued at $635,000 after acquiring an additional 1,370 shares in the last quarter. EP Wealth Advisors LLC raised its stake in Hewlett Packard Enterprise by 12.8% in the third quarter. EP Wealth Advisors LLC now owns 34,670 shares of the technology company's stock valued at $709,000 after buying an additional 3,929 shares during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in Hewlett Packard Enterprise by 85.3% in the third quarter. Orion Portfolio Solutions LLC now owns 145,371 shares of the technology company's stock worth $2,974,000 after acquiring an additional 66,913 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Hewlett Packard Enterprise by 6.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 414,485 shares of the technology company's stock worth $8,480,000 after acquiring an additional 25,701 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Hewlett Packard Enterprise by 15.3% during the third quarter. Public Employees Retirement System of Ohio now owns 657,948 shares of the technology company's stock valued at $13,462,000 after acquiring an additional 87,411 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

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Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock traded up $0.72 during trading on Tuesday, reaching $15.00. The company had a trading volume of 21,176,827 shares, compared to its average volume of 16,549,791. The firm's 50-day simple moving average is $17.39 and its 200 day simple moving average is $20.04. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $24.66. The firm has a market capitalization of $19.70 billion, a PE ratio of 7.87, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.47%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 25.37%.

Insider Activity at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was 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 can be accessed through the SEC website. 0.36% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Barclays dropped their price objective on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Daiwa Capital Markets lowered Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price for the company. in a research note on Wednesday, March 12th. StockNews.com lowered Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Finally, Susquehanna reduced their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.