Worldquant Millennium Advisors LLC Boosts Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Worldquant Millennium Advisors LLC boosted its position in Hewlett Packard Enterprise (NYSE:HPE) by 1,382.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,299,615 shares of the technology company’s stock after purchasing an additional 3,077,046 shares during the quarter. Worldquant Millennium Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $70,447,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lebenthal Global Advisors LLC lifted its stake in Hewlett Packard Enterprise by 83.7% in the 4th quarter. Lebenthal Global Advisors LLC now owns 36,096 shares of the technology company’s stock worth $771,000 after purchasing an additional 16,447 shares in the last quarter. Korea Investment CORP increased its holdings in shares of Hewlett Packard Enterprise by 8.3% in the 4th quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company’s stock worth $21,434,000 after buying an additional 77,244 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise by 78.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 909,919 shares of the technology company’s stock worth $19,545,000 after buying an additional 401,016 shares during the last quarter. Milestone Asset Management LLC increased its holdings in shares of Hewlett Packard Enterprise by 35.5% in the 4th quarter. Milestone Asset Management LLC now owns 92,369 shares of the technology company’s stock worth $1,972,000 after buying an additional 24,197 shares during the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth $504,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HPE shares. Daiwa America lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Wells Fargo & Company decreased their price target on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. Bank of America reduced their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Finally, 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. 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 data from MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Hold” and an average target price of $20.60.

Hewlett Packard Enterprise Trading Down 1.7%

Shares of HPE opened at $17.45 on Tuesday. The stock has a market capitalization of $22.92 billion, a P/E ratio of 9.18, a PEG ratio of 2.03 and a beta of 1.29. 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 firm has a fifty day simple moving average of $15.71 and a two-hundred day simple moving average of $19.36. Hewlett Packard Enterprise has a twelve month low of $11.97 and a twelve month high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were given a dividend of $0.13 per share. The ex-dividend date was Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 2.98%. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction on Friday, April 4th. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

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.