CenterBook Partners LP Cuts Stake in Hewlett Packard Enterprise (NYSE:HPE)

CenterBook Partners LP lessened its stake in Hewlett Packard Enterprise (NYSE:HPE) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,444 shares of the technology company’s stock after selling 1,031 shares during the quarter. CenterBook Partners LP’s holdings in Hewlett Packard Enterprise were worth $2,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of HPE. Advisory Services Network LLC lifted its stake in shares of Hewlett Packard Enterprise by 34.9% in the fourth quarter. Advisory Services Network LLC now owns 25,688 shares of the technology company’s stock worth $548,000 after buying an additional 6,651 shares in the last quarter. Renaissance Technologies LLC lifted its position in Hewlett Packard Enterprise by 330.8% in the 4th quarter. Renaissance Technologies LLC now owns 2,842,600 shares of the technology company’s stock valued at $60,690,000 after acquiring an additional 2,182,800 shares in the last quarter. Bank of Nova Scotia boosted its stake in Hewlett Packard Enterprise by 2.1% during the 4th quarter. Bank of Nova Scotia now owns 438,111 shares of the technology company’s stock valued at $9,354,000 after purchasing an additional 9,175 shares during the last quarter. Shelton Capital Management increased its holdings in shares of Hewlett Packard Enterprise by 46.8% in the 4th quarter. Shelton Capital Management now owns 426,691 shares of the technology company’s stock worth $9,110,000 after purchasing an additional 136,000 shares in the last quarter. Finally, Twin Capital Management Inc. raised its stake in shares of Hewlett Packard Enterprise by 7.4% in the fourth quarter. Twin Capital Management Inc. now owns 33,003 shares of the technology company’s stock worth $705,000 after purchasing an additional 2,285 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 15.9 %

Shares of HPE opened at $14.50 on Thursday. The firm has a market cap of $19.05 billion, a P/E ratio of 7.63, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a 1 year low of $11.97 and a 1 year high of $24.66. The company has a 50 day simple moving average of $17.80 and a two-hundred day simple moving average of $20.16.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 25.37%.

Analysts Set New Price Targets

HPE has been the subject of several research analyst reports. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Daiwa America cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Thursday, December 19th. Wells Fargo & Company cut their price objective on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday, March 7th. Finally, Loop Capital lowered their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, March 10th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.60.

Insider Activity

In related news, Director Bethany Mayer sold 6,409 shares of the business’s 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.36% 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.