Aster Capital Management DIFC Ltd Makes New $1.46 Million Investment in Hewlett Packard Enterprise (NYSE:HPE)

Aster Capital Management DIFC Ltd purchased a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 68,490 shares of the technology company’s stock, valued at approximately $1,462,000.

Several other hedge funds also recently modified their holdings of HPE. Hara Capital LLC bought a new position in Hewlett Packard Enterprise during the fourth quarter valued at about $28,000. Tandem Financial LLC acquired a new stake in Hewlett Packard Enterprise in the 4th quarter valued at about $32,000. Conquis Financial LLC bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $41,000. R Squared Ltd bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $45,000. Finally, Tompkins Financial Corp grew its stake in shares of Hewlett Packard Enterprise by 397.9% in 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 institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wells Fargo & Company cut 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. Deutsche Bank Aktiengesellschaft upgraded 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. StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Loop Capital reduced their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a report on Monday, March 10th. Finally, Bank of America decreased their price target on 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. Nine investment 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.27.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the transaction, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at $1,118,145. This represents a 19.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $12.78 on Friday. The business’s 50-day moving average is $18.63 and its 200-day 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. The company has a market capitalization of $16.78 billion, a price-to-earnings ratio of 6.72, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $24.66.

Hewlett Packard Enterprise Announces Dividend

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

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.