Graham Capital Management L.P. Acquires 64,191 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Graham Capital Management L.P. lifted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 8.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 865,028 shares of the technology company’s stock after purchasing an additional 64,191 shares during the period. Hewlett Packard Enterprise accounts for about 0.3% of Graham Capital Management L.P.’s portfolio, making the stock its 24th biggest position. Graham Capital Management L.P. owned 0.07% of Hewlett Packard Enterprise worth $18,468,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

HPE has been the topic of several analyst reports. Loop Capital cut their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. StockNews.com cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Wells Fargo & Company dropped their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. Daiwa Capital Markets downgraded 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 report on Wednesday, March 12th. Finally, Morgan Stanley cut shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $14.00 price target on the stock. in a report on Tuesday, April 8th. Ten research 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 stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus price target of $20.60.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $16.84 on Friday. The firm’s 50 day simple moving average is $15.54 and its 200 day simple moving average is $19.45. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $24.66. The firm has a market capitalization of $22.12 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were given a $0.13 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.09%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 25.37%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.36% of the stock is owned by corporate insiders.

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.