ExodusPoint Capital Management LP decreased its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 26.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,526 shares of the technology company's stock after selling 19,513 shares during the quarter. ExodusPoint Capital Management LP's holdings in Hewlett Packard Enterprise were worth $1,185,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Hara Capital LLC acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth $28,000. Tandem Financial LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth $32,000. R Squared Ltd purchased a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $45,000. Tompkins Financial Corp raised its position in Hewlett Packard Enterprise by 397.9% in the 4th quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company's stock valued at $61,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Intact Investment Management Inc. purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $68,000. Institutional investors and hedge funds own 80.78% of the company's stock.
Hewlett Packard Enterprise Stock Performance
Shares of Hewlett Packard Enterprise stock traded up $0.62 during trading on Tuesday, reaching $14.90. The company's stock had a trading volume of 22,734,840 shares, compared to its average volume of 16,555,323. The firm has a market cap of $19.57 billion, a PE ratio of 7.84, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a 50-day moving average price of $17.39 and a two-hundred day moving average price of $20.04. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $24.66.
Hewlett Packard Enterprise Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.49%. Hewlett Packard Enterprise's payout ratio is 25.37%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on HPE shares. Loop Capital reduced their target price 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. Bank of America reduced their price objective on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, March 7th. StockNews.com downgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Morgan Stanley cut 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 note on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price objective for the company in a research report on Thursday, December 19th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of "Hold" and a consensus target price of $20.60.
Check Out Our Latest Stock Report on HPE
Insider Transactions 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 transaction of $84,534.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.36% of the company's stock.
Hewlett Packard Enterprise Company Profile
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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.
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