Melqart Asset Management UK Ltd Makes New Investment in Hewlett Packard Enterprise (NYSE:HPE)

Melqart Asset Management UK Ltd purchased a new position in Hewlett Packard Enterprise (NYSE:HPE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 254,500 shares of the technology company’s stock, valued at approximately $5,434,000.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Hewlett Packard Enterprise in the 4th quarter valued at approximately $292,959,000. Norges Bank bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at $119,067,000. Slate Path Capital LP boosted its position in shares of Hewlett Packard Enterprise by 44.8% during the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company’s stock valued at $270,914,000 after buying an additional 3,924,039 shares during the last quarter. Renaissance Technologies LLC increased its holdings 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 worth $60,690,000 after buying an additional 2,182,800 shares in the last quarter. Finally, Boston Partners lifted its stake in Hewlett Packard Enterprise by 19.1% during the 4th quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock valued at $276,075,000 after acquiring an additional 2,058,562 shares during the period. 80.78% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Bethany Mayer sold 6,409 shares of the business’s stock in a transaction dated Friday, April 4th. The stock was 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 available at the SEC website. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $16.28 on Friday. The company 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. The firm has a fifty day moving average price of $16.30 and a 200 day moving average price of $19.72. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 25.37%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HPE shares. Barclays dropped their price target on 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 lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Daiwa America downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Daiwa Capital Markets downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research report on Wednesday, March 12th. Finally, Morgan Stanley cut Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $14.00 target price on the stock. in a report on Tuesday, April 8th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $20.60.

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.