Gator Capital Management LLC Invests $224,000 in Hewlett Packard Enterprise (NYSE:HPE)

Gator Capital Management LLC bought a new stake in Hewlett Packard Enterprise (NYSE:HPE) in the fourth quarter, HoldingsChannel reports. The fund bought 10,500 shares of the technology company’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hara Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at $28,000. Tandem Financial LLC acquired a new position in Hewlett Packard Enterprise in the fourth quarter valued at $32,000. Conquis Financial LLC acquired a new position in Hewlett Packard Enterprise in the fourth quarter valued at $41,000. R Squared Ltd purchased a new stake in Hewlett Packard Enterprise during the fourth quarter valued at about $45,000. Finally, Tompkins Financial Corp increased its stake in Hewlett Packard Enterprise by 397.9% during the fourth quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company’s stock worth $61,000 after acquiring an additional 2,300 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was 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 in the company, valued at $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $12.78 on Friday. The company has a market capitalization of $16.78 billion, a PE ratio of 6.72, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average is $18.63 and its two-hundred day moving average is $20.35. Hewlett Packard Enterprise has a 52-week low of $11.97 and a 52-week 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. The ex-dividend date of this dividend 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%.

Analyst Ratings Changes

HPE has been the topic of several research analyst reports. Daiwa America lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Morgan Stanley decreased their price objective on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Barclays dropped their price objective on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Susquehanna reduced their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Thursday, December 19th. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.27.

Hewlett Packard Enterprise 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.