Banque Cantonale Vaudoise Has $6.33 Million Position in Hewlett Packard Enterprise (NYSE:HPE)

Banque Cantonale Vaudoise raised its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 29.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 309,189 shares of the technology company's stock after acquiring an additional 69,825 shares during the quarter. Banque Cantonale Vaudoise's holdings in Hewlett Packard Enterprise were worth $6,327,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC lifted its stake in shares of Hewlett Packard Enterprise by 13.6% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 17,233 shares of the technology company's stock worth $353,000 after buying an additional 2,068 shares during the last quarter. Legacy Bridge LLC lifted its stake in shares of Hewlett Packard Enterprise by 10.0% during the 3rd quarter. Legacy Bridge LLC now owns 66,930 shares of the technology company's stock worth $1,369,000 after buying an additional 6,105 shares during the last quarter. Caprock Group LLC lifted its stake in shares of Hewlett Packard Enterprise by 19.5% during the 3rd quarter. Caprock Group LLC now owns 99,722 shares of the technology company's stock worth $2,053,000 after buying an additional 16,289 shares during the last quarter. Pathstone Holdings LLC lifted its stake in shares of Hewlett Packard Enterprise by 1.5% during the 3rd quarter. Pathstone Holdings LLC now owns 158,004 shares of the technology company's stock worth $3,237,000 after buying an additional 2,368 shares during the last quarter. Finally, LMR Partners LLP acquired a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth about $2,047,000. Institutional investors and hedge funds own 80.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Bank of America upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and raised their target price for the stock from $21.00 to $24.00 in a research note on Tuesday, September 17th. UBS Group raised their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a "neutral" rating in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a "hold" rating and a $22.00 target price for the company. Raymond James raised shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and raised their price target for the stock from $23.00 to $29.00 in a research report on Monday. Finally, Susquehanna reaffirmed a "neutral" rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of "Hold" and a consensus price target of $22.00.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $21.39 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82. The firm has a market cap of $27.77 billion, a P/E ratio of 15.28, a P/E/G ratio of 3.27 and a beta of 1.19. The company's 50-day moving average price is $19.95 and its two-hundred day moving average price is $19.50.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. During the same period last year, the firm earned $0.35 EPS. The business's quarterly revenue was up 10.1% compared to the same quarter last year. On average, analysts anticipate that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 37.14%.

Insider Activity at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the sale, the chief executive officer now directly owns 1,758,641 shares of the company's stock, valued at approximately $34,680,400.52. The trade was a 4.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Fidelma Russo sold 55,908 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $19.99, for a total transaction of $1,117,600.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 426,012 shares of company stock valued at $8,599,617. 0.40% of the stock is owned by insiders.

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.

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