Slate Path Capital LP Has $270.91 Million Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Slate Path Capital LP grew its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 44.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,689,164 shares of the technology company's stock after buying an additional 3,924,039 shares during the period. Hewlett Packard Enterprise makes up 4.9% of Slate Path Capital LP's portfolio, making the stock its 3rd biggest position. Slate Path Capital LP owned approximately 0.96% of Hewlett Packard Enterprise worth $270,914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of HPE. Wilmington Savings Fund Society FSB acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter worth $507,000. Tidal Investments LLC increased its holdings in shares of Hewlett Packard Enterprise by 169.0% in the third quarter. Tidal Investments LLC now owns 359,280 shares of the technology company's stock worth $7,351,000 after acquiring an additional 225,719 shares in the last quarter. Synovus Financial Corp raised its position 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 worth $486,000 after purchasing an additional 1,732 shares during the period. Oddo BHF Asset Management Sas bought a new position in shares of Hewlett Packard Enterprise during the 3rd quarter valued at about $1,915,000. Finally, Retirement Systems of Alabama grew its position in shares of Hewlett Packard Enterprise by 16.0% in the 3rd quarter. Retirement Systems of Alabama now owns 4,887,662 shares of the technology company's stock valued at $100,002,000 after purchasing an additional 673,801 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Bethany Mayer sold 6,409 shares of the firm'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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.36% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HPE. Bank of America cut their price target on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Loop Capital reduced their price target on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research report on Monday, March 10th. Wells Fargo & Company decreased their price target on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. 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 research report on Wednesday, March 12th. Finally, Daiwa America downgraded shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $20.60.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock traded up $0.10 during trading on Friday, reaching $16.28. The company's stock had a trading volume of 10,290,544 shares, compared to its average volume of 16,906,760. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66. The business's 50-day moving average price is $16.41 and its 200-day moving average price is $19.76. The firm has a market cap of $21.38 billion, a PE ratio of 8.57, a P/E/G ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.

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.