Boothbay Fund Management LLC Grows Position in Hewlett Packard Enterprise (NYSE:HPE)

Boothbay Fund Management LLC raised its position in Hewlett Packard Enterprise (NYSE:HPE) by 41.2% in the fourth quarter, Holdings Channel reports. The fund owned 723,238 shares of the technology company’s stock after buying an additional 211,201 shares during the period. Boothbay Fund Management LLC’s holdings in Hewlett Packard Enterprise were worth $15,441,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its position in shares of Hewlett Packard Enterprise by 6.2% during the 4th quarter. Mather Group LLC. now owns 7,557 shares of the technology company’s stock worth $161,000 after purchasing an additional 440 shares during the last quarter. Lakewood Asset Management LLC raised its stake in Hewlett Packard Enterprise by 0.4% in the fourth quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company’s stock valued at $2,242,000 after buying an additional 457 shares in the last quarter. Essex Financial Services Inc. lifted its holdings in Hewlett Packard Enterprise by 3.6% during the 4th quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company’s stock worth $286,000 after buying an additional 461 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Hewlett Packard Enterprise by 0.8% during the 4th quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock worth $1,335,000 after acquiring an additional 475 shares in the last quarter. Finally, Aviso Financial Inc. increased its holdings in shares of Hewlett Packard Enterprise by 0.9% in the 4th quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company’s stock valued at $1,154,000 after acquiring an additional 490 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 0.6 %

NYSE:HPE opened at $16.28 on Friday. Hewlett Packard Enterprise has a 12-month low of $11.97 and a 12-month high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock’s 50 day simple moving average is $16.30 and its 200-day simple moving average is $19.72. The firm has a market cap of $21.38 billion, a P/E ratio of 8.57, a PEG ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.20%. Hewlett Packard Enterprise’s dividend payout ratio is currently 25.37%.

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction dated 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 filing with the SEC, which is available at this hyperlink. 0.36% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HPE has been the topic of several recent analyst reports. Barclays dropped their price target on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Susquehanna reduced their price target on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Daiwa America lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. Finally, Wells Fargo & Company reduced their target price 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. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $20.60.

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.