Hewlett Packard Enterprise (NYSE:HPE) Sees Large Volume Increase – Here’s What Happened

Hewlett Packard Enterprise (NYSE:HPE) saw strong trading volume on Tuesday . 10,616,718 shares traded hands during mid-day trading, a decline of 36% from the previous session’s volume of 16,514,150 shares.The stock last traded at $15.23 and had previously closed at $14.28.

Analyst Ratings Changes

HPE has been the topic of a number of recent research reports. Loop Capital reduced their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research note on Monday, March 10th. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, December 19th. Susquehanna reduced 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. StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Finally, Morgan Stanley lowered Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $14.00 target price on the stock. in a research report on Tuesday, April 8th. Ten research 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $20.60.

Hewlett Packard Enterprise Price Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The company has a fifty day moving average price of $17.14 and a 200 day moving average price of $19.97. The company has a market capitalization of $19.57 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is 25.37%.

Insider Transactions at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of hedge funds have recently made changes to their positions in HPE. Putney Financial Group LLC acquired a new stake in Hewlett Packard Enterprise in the 4th quarter valued at approximately $25,000. Bruce G. Allen Investments LLC increased its holdings in shares of 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 purchasing an additional 1,318 shares during the period. Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at about $28,000. Ameriflex Group Inc. acquired a new stake in Hewlett Packard Enterprise in the fourth quarter worth about $31,000. Finally, Tandem Financial LLC bought a new position in Hewlett Packard Enterprise in the 4th quarter valued at about $32,000. Institutional investors own 80.78% of the company’s stock.

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.