AlphaQuest LLC Grows Holdings in Hewlett Packard Enterprise (NYSE:HPE)

AlphaQuest LLC grew its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 231.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,117 shares of the technology company’s stock after purchasing an additional 5,670 shares during the period. AlphaQuest LLC’s holdings in Hewlett Packard Enterprise were worth $173,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Argentarii LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter worth $1,016,000. OFI Invest Asset Management purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at $34,778,000. Kendall Capital Management increased its stake in shares of Hewlett Packard Enterprise by 5.7% during the fourth quarter. Kendall Capital Management now owns 206,945 shares of the technology company’s stock valued at $4,418,000 after buying an additional 11,215 shares during the period. Lifeworks Advisors LLC increased its stake in shares of Hewlett Packard Enterprise by 23.8% during the fourth quarter. Lifeworks Advisors LLC now owns 139,550 shares of the technology company’s stock valued at $2,979,000 after buying an additional 26,786 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at $4,740,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $15.68 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The company has a market cap of $20.60 billion, a PE ratio of 8.25, a P/E/G ratio of 2.03 and a beta of 1.20. The business has a 50-day simple moving average of $20.84 and a two-hundred day simple moving average of $20.60. Hewlett Packard Enterprise has a fifty-two week low of $14.64 and a fifty-two week high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 25.37%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on HPE shares. Susquehanna cut their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price target for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Loop Capital cut their price target on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research note on Monday, March 10th. StockNews.com lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Daiwa Capital Markets lowered Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research note on Wednesday, March 12th. Nine research 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.27.

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.