Bridgewater Associates LP Decreases Position in Hewlett Packard Enterprise (NYSE:HPE)

Bridgewater Associates LP cut its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 53.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,524 shares of the technology company's stock after selling 35,680 shares during the period. Bridgewater Associates LP's holdings in Hewlett Packard Enterprise were worth $645,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Valley Wealth Managers Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at about $26,000. Hazlett Burt & Watson Inc. increased its position in Hewlett Packard Enterprise by 571.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company's stock worth $28,000 after buying an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Hewlett Packard Enterprise during the second quarter worth approximately $28,000. Financial Management Professionals Inc. grew its position in shares of Hewlett Packard Enterprise by 80.3% in the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock valued at $29,000 after purchasing an additional 637 shares during the last quarter. Finally, ORG Partners LLC grew its position in shares of Hewlett Packard Enterprise by 224.5% in the second quarter. ORG Partners LLC now owns 1,853 shares of the technology company's stock valued at $39,000 after purchasing an additional 1,282 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 7,770 shares of the firm's stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the transaction, the senior vice president now owns 7,771 shares of the company's stock, valued at approximately $163,191. This trade represents a 50.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the transaction, the executive vice president now directly owns 82,061 shares in the company, valued at approximately $1,395,037. This represents a 26.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 426,012 shares of company stock valued at $8,599,617 in the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Trading Up 0.3 %

NYSE HPE traded up $0.05 on Tuesday, reaching $21.31. The company had a trading volume of 9,322,355 shares, compared to its average volume of 15,097,357. The firm has a market cap of $27.67 billion, a price-to-earnings ratio of 15.22, a P/E/G ratio of 3.32 and a beta of 1.21. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The business has a 50 day moving average of $20.72 and a two-hundred day moving average of $19.80. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.67 billion. During the same period in the prior year, the business posted $0.35 earnings per share. Hewlett Packard Enterprise's quarterly revenue was up 10.1% on a year-over-year basis. Analysts forecast that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.44%. Hewlett Packard Enterprise's payout ratio is currently 37.14%.

Analysts Set New Price Targets

Several equities analysts have recently commented on HPE shares. Barclays raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $20.00 to $24.00 in a research report on Wednesday, September 25th. Bank of America upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their price target for the company from $21.00 to $24.00 in a research note on Tuesday, September 17th. Raymond James upgraded Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and boosted their price target for the company from $23.00 to $29.00 in a research note on Monday, November 18th. UBS Group boosted their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They issued a "hold" rating and a $22.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of "Hold" and an average price target of $22.21.

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.