14,200 Shares in Hewlett Packard Enterprise (NYSE:HPE) Acquired by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC bought a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,200 shares of the technology company’s stock, valued at approximately $303,000.

Other hedge funds have also made changes to their positions in the company. Hara Capital LLC purchased a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $28,000. Tandem Financial LLC bought a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $32,000. Conquis Financial LLC purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at $41,000. R Squared Ltd bought a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth $45,000. Finally, Tompkins Financial Corp lifted its stake in shares of Hewlett Packard Enterprise by 397.9% during the 4th quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company’s stock worth $61,000 after purchasing an additional 2,300 shares during the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of recent research reports. Barclays reduced their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a report 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 for the company. in a research note on Wednesday, March 12th. Wells Fargo & Company lowered their target price 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 America lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. Finally, Bank of America decreased their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a report on Friday, March 7th. Nine analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.27.

Hewlett Packard Enterprise Stock Down 6.6 %

HPE stock opened at $12.78 on Friday. The company has a market capitalization of $16.78 billion, a P/E ratio of 6.72, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $24.66. The firm’s fifty day simple moving average is $18.63 and its 200-day simple moving average is $20.35. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio is currently 25.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares of the company’s stock, valued at $1,118,145. This trade represents a 19.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.36% of the company’s stock.

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.