National Bank of Canada FI Purchases 1,335,318 Shares of Hewlett Packard Enterprise (NYSE:HPE)

National Bank of Canada FI lifted its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 61.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,504,681 shares of the technology company's stock after acquiring an additional 1,335,318 shares during the period. National Bank of Canada FI owned approximately 0.27% of Hewlett Packard Enterprise worth $71,706,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in HPE. Pacer Advisors Inc. lifted its stake in Hewlett Packard Enterprise by 14,953.2% during the second quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company's stock worth $490,925,000 after purchasing an additional 23,035,594 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Hewlett Packard Enterprise by 3,228.2% during the 2nd quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company's stock worth $186,831,000 after buying an additional 8,560,086 shares during the last quarter. Eagle Asset Management Inc. lifted its position in shares of Hewlett Packard Enterprise by 3,537.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company's stock worth $127,571,000 after buying an additional 5,629,006 shares during the last quarter. Mizuho Markets Americas LLC acquired a new stake in Hewlett Packard Enterprise in the third quarter valued at about $105,185,000. Finally, Panagora Asset Management Inc. grew its position in Hewlett Packard Enterprise by 336.7% in the second quarter. Panagora Asset Management Inc. now owns 4,269,603 shares of the technology company's stock valued at $90,387,000 after acquiring an additional 3,291,880 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Susquehanna reissued a "neutral" rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Bank of America raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and increased their price objective for the company from $21.00 to $24.00 in a research note on Tuesday, September 17th. Citigroup raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $23.00 to $26.00 in a research note on Friday. Raymond James upgraded Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and increased their price target for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Finally, UBS Group raised their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, September 5th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $23.36.

Hewlett Packard Enterprise Trading Up 10.6 %

Shares of Hewlett Packard Enterprise stock traded up $2.30 during midday trading on Friday, reaching $23.95. The company had a trading volume of 37,723,244 shares, compared to its average volume of 10,814,675. The firm has a market cap of $31.10 billion, a PE ratio of 12.61, a P/E/G ratio of 3.40 and a beta of 1.21. The stock has a fifty day moving average price of $20.90 and a 200 day moving average price of $19.92. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.24.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. During the same period in the prior year, the firm posted $0.35 EPS. The company's quarterly revenue was up 10.1% on a year-over-year basis. On average, equities analysts anticipate that Hewlett Packard Enterprise will post 1.83 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.17%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 27.37%.

Insiders Place Their Bets

In related news, SVP Jeremy Cox sold 7,770 shares of the business's stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total transaction of $163,170.00. Following the transaction, the senior vice president now owns 7,771 shares in the company, valued at $163,191. The trade was a 50.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Antonio F. Neri sold 83,334 shares of the firm's stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the sale, the chief executive officer now owns 1,758,641 shares of the company's stock, valued at $34,680,400.52. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 426,012 shares of company stock worth $8,599,617. Company insiders own 0.40% of the company's stock.

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.