Tang Capital Management LLC Invests $990,000 in Hewlett Packard Enterprise (NYSE:HPE)

Tang Capital Management LLC bought a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) in the fourth quarter, Holdings Channel reports. The firm bought 46,391 shares of the technology company’s stock, valued at approximately $990,000.

A number of other institutional investors have also modified their holdings of HPE. Hara Capital LLC purchased a new position in Hewlett Packard Enterprise in the 4th quarter worth approximately $28,000. Tandem Financial LLC purchased a new position in Hewlett Packard Enterprise in the 4th quarter worth approximately $32,000. Conquis Financial LLC purchased a new position in Hewlett Packard Enterprise in the 4th quarter worth approximately $41,000. R Squared Ltd purchased a new position in Hewlett Packard Enterprise in the 4th quarter worth approximately $45,000. Finally, Tompkins Financial Corp boosted its holdings in Hewlett Packard Enterprise by 397.9% in the 4th quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company’s stock worth $61,000 after acquiring an additional 2,300 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the business’s 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 can be accessed through this link. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HPE shares. StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. 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 research note on Friday, March 7th. Morgan Stanley cut Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $14.00 target price for the company. in a research note on Tuesday, April 8th. Daiwa America cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Finally, Susquehanna reduced their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus price target of $20.60.

Hewlett Packard Enterprise Stock Up 0.8%

Shares of Hewlett Packard Enterprise stock opened at $17.76 on Friday. The firm has a market cap of $23.32 billion, a price-to-earnings ratio of 9.34, a P/E/G ratio of 2.03 and a beta of 1.29. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a 52-week low of $11.97 and a 52-week high of $24.66. The stock has a 50-day simple moving average of $15.66 and a 200-day simple moving average of $19.38.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were issued a $0.13 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 2.93%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 25.37%.

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.