120,583 Shares in Hewlett Packard Enterprise (NYSE:HPE) Purchased by Duality Advisers LP

Duality Advisers LP bought a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 120,583 shares of the technology company’s stock, valued at approximately $2,047,000.

Other hedge funds have also made changes to their positions in the company. Authentikos Wealth Advisory LLC acquired a new position in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $31,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $33,000. Salem Investment Counselors Inc. raised its holdings in shares of Hewlett Packard Enterprise by 180.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock valued at $33,000 after acquiring an additional 1,261 shares during the last quarter. ORG Partners LLC raised its holdings in shares of Hewlett Packard Enterprise by 111.4% during the fourth quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock valued at $44,000 after acquiring an additional 1,378 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $52,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 0.3 %

HPE opened at $16.84 on Tuesday. Hewlett Packard Enterprise has a 52 week low of $13.65 and a 52 week high of $20.07. The business has a fifty day simple moving average of $16.89 and a 200-day simple moving average of $16.40. The firm has a market cap of $21.89 billion, a P/E ratio of 11.61, a P/E/G ratio of 3.11 and a beta of 1.21. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $6.76 billion during the quarter, compared to analyst estimates of $7.09 billion. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The company’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period last year, the business posted $0.38 earnings per share. On average, equities analysts expect that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio is currently 35.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Barclays dropped their price target on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. Wells Fargo & Company upped their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. Sanford C. Bernstein lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $20.00 to $17.00 in a research report on Tuesday, January 16th. Stifel Nicolaus lowered their price objective on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, March 1st. Finally, Evercore ISI lowered their price objective on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating for the company in a research report on Friday, March 1st. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $17.91.

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.