Brevan Howard Capital Management LP Invests $871,000 in Hewlett Packard Enterprise (NYSE:HPE)

Brevan Howard Capital Management LP bought a new stake in Hewlett Packard Enterprise (NYSE:HPE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 40,790 shares of the technology company’s stock, valued at approximately $871,000.

A number of other institutional investors have also recently added to or reduced their stakes in HPE. Principal Financial Group Inc. increased its position in Hewlett Packard Enterprise by 4.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,561,022 shares of the technology company’s stock worth $31,939,000 after purchasing an additional 68,892 shares in the last quarter. Fulton Bank N.A. raised its stake in shares of Hewlett Packard Enterprise by 27.7% in the 4th quarter. Fulton Bank N.A. now owns 13,501 shares of the technology company’s stock valued at $288,000 after acquiring an additional 2,928 shares during the period. First Hawaiian Bank raised its stake in shares of Hewlett Packard Enterprise by 16.2% in the 4th quarter. First Hawaiian Bank now owns 30,611 shares of the technology company’s stock valued at $654,000 after acquiring an additional 4,258 shares during the period. Graypoint LLC lifted its holdings in shares of Hewlett Packard Enterprise by 2.6% during the 4th quarter. Graypoint LLC now owns 36,295 shares of the technology company’s stock valued at $775,000 after acquiring an additional 936 shares in the last quarter. Finally, Czech National Bank boosted its position in Hewlett Packard Enterprise by 6.4% during the 4th quarter. Czech National Bank now owns 281,578 shares of the technology company’s stock worth $6,012,000 after purchasing an additional 16,821 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Trading Up 2.0 %

NYSE:HPE opened at $16.89 on Friday. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The company has a market cap of $22.18 billion, a PE ratio of 8.89, a P/E/G ratio of 2.03 and a beta of 1.29. The business’s 50 day moving average is $15.58 and its two-hundred day moving average is $19.47.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.08%. Hewlett Packard Enterprise’s payout ratio is 25.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HPE shares. Bank of America reduced their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Barclays dropped their price objective 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. Daiwa America downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Morgan Stanley lowered shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $14.00 price target for the company. in a report on Tuesday, April 8th. Finally, Loop Capital cut their price objective on shares of 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 research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.