Quinn Opportunity Partners LLC Purchases 190,000 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Quinn Opportunity Partners LLC boosted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 172.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 300,000 shares of the technology company's stock after purchasing an additional 190,000 shares during the period. Quinn Opportunity Partners LLC's holdings in Hewlett Packard Enterprise were worth $6,405,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HPE. Mather Group LLC. increased its position in Hewlett Packard Enterprise by 6.2% during the fourth quarter. Mather Group LLC. now owns 7,557 shares of the technology company's stock worth $161,000 after buying an additional 440 shares during the last quarter. Lakewood Asset Management LLC boosted its stake in shares of Hewlett Packard Enterprise by 0.4% during the 4th quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company's stock worth $2,242,000 after acquiring an additional 457 shares in the last quarter. Essex Financial Services Inc. increased its holdings in shares of Hewlett Packard Enterprise by 3.6% during the 4th quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company's stock valued at $286,000 after acquiring an additional 461 shares during the last quarter. Westside Investment Management Inc. raised its stake in shares of Hewlett Packard Enterprise by 0.8% in the 4th quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company's stock valued at $1,335,000 after acquiring an additional 475 shares in the last quarter. Finally, Aviso Financial Inc. lifted its holdings in Hewlett Packard Enterprise by 0.9% in the 4th quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company's stock worth $1,154,000 after purchasing an additional 490 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

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Hewlett Packard Enterprise Price Performance

NYSE HPE traded down $0.15 during trading hours on Wednesday, reaching $14.86. 12,560,769 shares of the company's stock were exchanged, compared to its average volume of 16,639,535. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock has a market cap of $19.52 billion, a PE ratio of 7.82, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The firm has a fifty day moving average of $17.27 and a 200-day moving average of $20.00. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio is currently 25.37%.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Bank of America cut their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price for the company. in a research note on Wednesday, March 12th. Susquehanna dropped their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. 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. Finally, Daiwa America lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. 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 company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price 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.