Farringdon Capital Ltd. Buys Shares of 15,208 Hewlett Packard Enterprise (NYSE:HPE)

Farringdon Capital Ltd. purchased a new position in Hewlett Packard Enterprise (NYSE:HPE) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,208 shares of the technology company’s stock, valued at approximately $325,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Hewlett Packard Enterprise in the third quarter valued at $507,000. Tidal Investments LLC raised its position in Hewlett Packard Enterprise by 169.0% during the third quarter. Tidal Investments LLC now owns 359,280 shares of the technology company’s stock worth $7,351,000 after acquiring an additional 225,719 shares during the last quarter. Synovus Financial Corp lifted its holdings in shares of Hewlett Packard Enterprise by 7.9% in the third quarter. Synovus Financial Corp now owns 23,751 shares of the technology company’s stock valued at $486,000 after purchasing an additional 1,732 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth approximately $1,915,000. Finally, Retirement Systems of Alabama raised its position in shares of Hewlett Packard Enterprise by 16.0% during the 3rd quarter. Retirement Systems of Alabama now owns 4,887,662 shares of the technology company’s stock worth $100,002,000 after purchasing an additional 673,801 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Up 1.7 %

HPE opened at $15.13 on Friday. Hewlett Packard Enterprise has a 1 year low of $11.97 and a 1 year high of $24.66. The firm has a 50 day moving average price of $16.89 and a 200 day moving average price of $19.90. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The company has a market cap of $19.87 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date was Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio is presently 25.37%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Morgan Stanley lowered shares of 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. Bank of America lowered their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a report on Friday, March 7th. Susquehanna decreased their target price on shares of 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 Capital Markets lowered Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research note on Wednesday, March 12th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.60.

About Hewlett Packard Enterprise

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.