Adage Capital Partners GP L.L.C. Sells 89,700 Shares of Hewlett Packard Enterprise Company $HPE

Adage Capital Partners GP L.L.C. cut its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 10.1% during the first quarter, HoldingsChannel reports. The firm owned 798,636 shares of the technology company’s stock after selling 89,700 shares during the quarter. Adage Capital Partners GP L.L.C.’s holdings in Hewlett Packard Enterprise were worth $12,323,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Putney Financial Group LLC purchased a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $25,000. Alpine Bank Wealth Management bought a new position in Hewlett Packard Enterprise during the first quarter valued at $25,000. Bruce G. Allen Investments LLC increased its position in Hewlett Packard Enterprise by 345.0% during the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company’s stock valued at $26,000 after acquiring an additional 1,318 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Hewlett Packard Enterprise in the first quarter valued at $27,000. Finally, Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HPE shares. The Goldman Sachs Group upped their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday. UBS Group boosted their target price on Hewlett Packard Enterprise from $18.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft increased their price target on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Susquehanna boosted their price objective on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Raymond James Financial upped their price objective on Hewlett Packard Enterprise from $29.00 to $30.00 and gave the company a “strong-buy” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and a consensus price target of $24.87.

Hewlett Packard Enterprise Stock Up 1.6%

Shares of NYSE HPE opened at $23.53 on Friday. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $24.66. The firm has a market capitalization of $30.88 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 2.10 and a beta of 1.43. The stock has a 50 day moving average price of $21.26 and a 200 day moving average price of $18.38. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.2%. Hewlett Packard Enterprise’s dividend payout ratio is presently 63.41%.

Insider Activity

In related news, SVP Jeremy Cox sold 68,590 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $18.44, for a total value of $1,264,799.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the completion of the sale, the chief executive officer directly owned 1,919,060 shares of the company’s stock, valued at approximately $43,217,231.20. This trade represents a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 461,924 shares of company stock worth $10,110,183. Company insiders own 0.36% of the company’s stock.

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.