Point72 Asia Singapore Pte. Ltd. Acquires Shares of 203,403 Hewlett Packard Enterprise (NYSE:HPE)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 203,403 shares of the technology company’s stock, valued at approximately $4,343,000. Hewlett Packard Enterprise makes up 1.1% of Point72 Asia Singapore Pte. Ltd.’s holdings, making the stock its 15th largest position.

A number of other large investors have also modified their holdings of the business. Geode Capital Management LLC grew its holdings in Hewlett Packard Enterprise by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company’s stock worth $686,011,000 after acquiring an additional 681,242 shares during the period. Northern Trust Corp boosted its position in shares of Hewlett Packard Enterprise by 24.7% during the 4th quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company’s stock worth $345,534,000 after purchasing an additional 3,208,424 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth $292,959,000. Boston Partners grew its stake in shares of Hewlett Packard Enterprise by 19.1% during the 4th quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock worth $276,075,000 after purchasing an additional 2,058,562 shares during the period. Finally, Slate Path Capital LP increased its holdings in shares of Hewlett Packard Enterprise by 44.8% in the 4th quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company’s stock valued at $270,914,000 after purchasing an additional 3,924,039 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. 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 on the stock in a research report on Friday, March 7th. Daiwa Capital Markets cut Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target on the stock. in a report on Wednesday, March 12th. Loop Capital reduced their price objective 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. Barclays lowered their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Finally, Morgan Stanley downgraded Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $14.00 price target for the company. in a research note on Tuesday, April 8th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus target price of $20.60.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $17.81 on Thursday. Hewlett Packard Enterprise has a one year low of $11.97 and a one year high of $24.66. The company has a 50 day moving average price of $15.56 and a 200 day moving average price of $19.41. The firm has a market capitalization of $23.39 billion, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were paid a dividend of $0.13 per share. The ex-dividend date was Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 2.92%. Hewlett Packard Enterprise’s dividend payout ratio is presently 25.37%.

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.