Mirova Acquires New Shares in Hewlett Packard Enterprise (NYSE:HPE)

Mirova bought a new stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 26,459 shares of the technology company's stock, valued at approximately $565,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. MML Investors Services LLC grew its stake in shares of Hewlett Packard Enterprise by 5.0% during the fourth quarter. MML Investors Services LLC now owns 124,536 shares of the technology company's stock worth $2,659,000 after purchasing an additional 5,876 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Hewlett Packard Enterprise by 1.7% during the fourth quarter. MetLife Investment Management LLC now owns 343,708 shares of the technology company's stock worth $7,338,000 after purchasing an additional 5,800 shares during the period. Norinchukin Bank The raised its position in Hewlett Packard Enterprise by 7.7% during the 4th quarter. Norinchukin Bank The now owns 56,590 shares of the technology company's stock worth $1,208,000 after buying an additional 4,035 shares during the last quarter. Epoch Investment Partners Inc. raised its holdings in Hewlett Packard Enterprise by 24.1% during the fourth quarter. Epoch Investment Partners Inc. now owns 4,897,034 shares of the technology company's stock worth $104,552,000 after purchasing an additional 951,516 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Hewlett Packard Enterprise by 9.4% in the 4th quarter. First Trust Advisors LP now owns 7,692,175 shares of the technology company's stock valued at $164,228,000 after buying an additional 658,117 shares during the period. 80.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HPE. Daiwa America downgraded shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Wells Fargo & Company decreased their target price on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Daiwa Capital Markets cut Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target for the company. in a report on Wednesday, March 12th. Susquehanna lowered their price objective on shares of 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. Finally, Bank of America dropped their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of "Hold" and an average target price of $20.60.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the business's 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Up 5.6 %

NYSE HPE traded up $0.86 during mid-day trading on Thursday, reaching $16.21. 18,826,222 shares of the company's stock traded hands, compared to its average volume of 16,875,025. The company has a market cap of $21.29 billion, a price-to-earnings ratio of 8.53, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company has a fifty day simple moving average of $16.52 and a 200-day simple moving average of $19.79. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.21%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 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.