Guggenheim Capital LLC Cuts Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Guggenheim Capital LLC cut its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 22.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,371 shares of the technology company's stock after selling 25,995 shares during the period. Guggenheim Capital LLC's holdings in Hewlett Packard Enterprise were worth $1,908,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Kathmere Capital Management LLC lifted its stake in shares of Hewlett Packard Enterprise by 87.2% in the 4th quarter. Kathmere Capital Management LLC now owns 25,483 shares of the technology company's stock valued at $544,000 after purchasing an additional 11,869 shares during the last quarter. Lebenthal Global Advisors LLC raised its holdings in Hewlett Packard Enterprise by 83.7% in the 4th quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company's stock valued at $771,000 after buying an additional 16,447 shares during the period. Nordea Investment Management AB lifted its position in Hewlett Packard Enterprise by 35.1% in the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock valued at $155,142,000 after buying an additional 1,885,559 shares during the last quarter. Korea Investment CORP boosted its stake in Hewlett Packard Enterprise by 8.3% during the fourth quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company's stock worth $21,434,000 after buying an additional 77,244 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 78.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company's stock valued at $19,545,000 after acquiring an additional 401,016 shares during the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock traded up $0.86 during mid-day trading on Thursday, hitting $16.21. 14,762,590 shares of the stock were exchanged, compared to its average volume of 16,874,185. The stock's fifty day simple moving average is $16.52 and its two-hundred day simple moving average is $19.79. 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 has a 12-month low of $11.97 and a 12-month high of $24.66. The stock has a market capitalization of $21.29 billion, a price-to-earnings ratio of 8.53, a P/E/G ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Friday, March 21st. Hewlett Packard Enterprise's payout ratio is currently 25.37%.

Insider Activity

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the firm'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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.36% of the company's stock.

Analysts Set New Price Targets

HPE has been the topic of several recent analyst reports. Daiwa Capital Markets lowered shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price objective on the stock. in a report on Wednesday, March 12th. Loop Capital cut their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a report on Monday, March 10th. Susquehanna lowered their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Barclays cut 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 note on Friday, March 7th. Finally, Wells Fargo & Company cut 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 note on Friday, March 7th. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $20.60.

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.