V Square Quantitative Management LLC Cuts Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

V Square Quantitative Management LLC lessened its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 9.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,224 shares of the technology company’s stock after selling 3,305 shares during the period. V Square Quantitative Management LLC’s holdings in Hewlett Packard Enterprise were worth $667,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HPE. RPg Family Wealth Advisory LLC acquired a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new position in Hewlett Packard Enterprise during the third quarter worth $26,000. Financial Management Professionals Inc. grew its holdings in shares of Hewlett Packard Enterprise by 80.3% during the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after buying an additional 637 shares in the last quarter. Tandem Financial LLC purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $32,000. Finally, R Squared Ltd purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Loop Capital upped their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a report on Monday, December 9th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their target price for the company from $23.00 to $26.00 in a report on Friday, December 6th. Finally, Stifel Nicolaus raised their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $21.73 on Friday. The firm’s fifty day moving average price is $22.04 and its 200 day moving average price is $20.49. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.66. 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 firm has a market cap of $28.58 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 1.98 and a beta of 1.19.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were given a $0.13 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.39%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.37%.

Insider Activity at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 7,771 shares of Hewlett Packard Enterprise stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the completion of the transaction, the senior vice president now owns 61,735 shares of the company’s stock, valued at $1,419,905. The trade was a 11.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the sale, the executive vice president now directly owns 270,430 shares in the company, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 332,166 shares of company stock worth $7,300,629 in the last three months. Insiders own 0.40% of the company’s stock.

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.