Quadrature Capital Ltd Sells 66,980 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Quadrature Capital Ltd decreased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 36.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 116,685 shares of the technology company's stock after selling 66,980 shares during the quarter. Quadrature Capital Ltd's holdings in Hewlett Packard Enterprise were worth $2,387,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. acquired a new position in Hewlett Packard Enterprise in the third quarter valued at about $26,000. Ashton Thomas Private Wealth LLC acquired a new position in Hewlett Packard Enterprise in the second quarter valued at about $28,000. Hazlett Burt & Watson Inc. boosted its position in Hewlett Packard Enterprise by 571.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company's stock valued at $28,000 after buying an additional 1,143 shares in the last quarter. Finally, Financial Management Professionals Inc. boosted its position in 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 buying an additional 637 shares in the last quarter. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Up 10.6 %

HPE traded up $2.30 during trading hours on Friday, hitting $23.95. 37,723,244 shares of the company's stock were exchanged, compared to its average volume of 10,814,675. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.24. The stock's 50-day moving average is $20.90 and its two-hundred day moving average is $19.90. The stock has a market cap of $31.10 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 3.40 and a beta of 1.21. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. The business had revenue of $7.71 billion during the quarter, compared to analysts' expectations of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm's revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 earnings per share. Sell-side analysts predict that Hewlett Packard Enterprise will post 1.83 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Friday, December 20th. Hewlett Packard Enterprise's dividend payout ratio is currently 27.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 250,000 shares of the company's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,508,641 shares in the company, valued at $31,274,127.93. This represents a 14.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeremy Cox sold 7,770 shares of the company's stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction 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 represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 426,012 shares of company stock valued at $8,599,617 in the last quarter. Company insiders own 0.40% of the company's stock.

Analyst Ratings Changes

HPE has been the topic of a number of research reports. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $23.00 to $28.00 in a research report on Thursday. Loop Capital boosted their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research note on Monday, September 9th. UBS Group boosted their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a "neutral" rating in a research note on Thursday, September 5th. Raymond James raised shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and boosted their price target for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a "hold" rating and a $22.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $23.36.

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.