Jacobs Levy Equity Management Inc. Takes Position in Hewlett Packard Enterprise (NYSE:HPE)

Jacobs Levy Equity Management Inc. acquired a new stake in Hewlett Packard Enterprise (NYSE:HPE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,418 shares of the technology company’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hara Capital LLC acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth about $28,000. Tandem Financial LLC bought a new position in Hewlett Packard Enterprise in the 4th quarter valued at about $32,000. Conquis Financial LLC bought a new position in Hewlett Packard Enterprise in the 4th quarter valued at about $41,000. R Squared Ltd bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $45,000. Finally, Intact Investment Management Inc. bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $68,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Up 0.8%

HPE opened at $17.76 on Monday. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $24.66. The company has a market cap of $23.32 billion, a P/E ratio of 9.34, a P/E/G ratio of 2.03 and a beta of 1.29. 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 business’s 50-day moving average price is $15.66 and its 200-day moving average price is $19.38.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were issued a dividend of $0.13 per share. The ex-dividend date was Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 2.93%. Hewlett Packard Enterprise’s dividend payout ratio is presently 25.37%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HPE. Loop Capital lowered their price target 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. Wells Fargo & Company reduced their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, March 7th. Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a research report on Wednesday, March 12th. Susquehanna lowered their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Finally, Daiwa America downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.60.

Insider Activity at Hewlett Packard Enterprise

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

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.