Boothbay Fund Management LLC raised its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 41.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 723,238 shares of the technology company's stock after purchasing an additional 211,201 shares during the period. Boothbay Fund Management LLC owned 0.05% of Hewlett Packard Enterprise worth $15,441,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in HPE. Wilmington Savings Fund Society FSB purchased a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $507,000. Tidal Investments LLC grew its holdings in shares of Hewlett Packard Enterprise by 169.0% during the third quarter. Tidal Investments LLC now owns 359,280 shares of the technology company's stock valued at $7,351,000 after buying an additional 225,719 shares during the last quarter. Synovus Financial Corp grew its holdings in shares of Hewlett Packard Enterprise by 7.9% during the third quarter. Synovus Financial Corp now owns 23,751 shares of the technology company's stock valued at $486,000 after buying an additional 1,732 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $1,915,000. Finally, Retirement Systems of Alabama grew its holdings in shares of Hewlett Packard Enterprise by 16.0% during the third quarter. Retirement Systems of Alabama now owns 4,887,662 shares of the technology company's stock valued at $100,002,000 after buying an additional 673,801 shares during the last quarter. Institutional investors own 80.78% of the company's stock.
Hewlett Packard Enterprise Stock Performance
HPE traded down $0.17 during midday trading on Tuesday, reaching $16.32. The company had a trading volume of 10,209,390 shares, compared to its average volume of 16,939,521. 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 business has a 50-day moving average of $16.19 and a two-hundred day moving average of $19.68. The company has a market cap of $21.44 billion, a P/E ratio of 8.59, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 1 year low of $11.97 and a 1 year high of $24.66.
Hewlett Packard Enterprise Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise's payout ratio is 25.37%.
Insiders Place Their Bets
In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the company's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.36% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on HPE shares. Daiwa America cut shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. 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 report on Tuesday, April 8th. Loop Capital cut their price target on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a report on Monday, March 10th. 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 report on Friday, March 7th. Finally, StockNews.com cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Ten 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, Hewlett Packard Enterprise has an average rating of "Hold" and a consensus target price of $20.60.
Read Our Latest Research Report on Hewlett Packard Enterprise
About Hewlett Packard Enterprise
(
Free Report)
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.
Featured Stories
Before you consider Hewlett Packard Enterprise, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hewlett Packard Enterprise wasn't on the list.
While Hewlett Packard Enterprise currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
