iA Global Asset Management Inc. Buys 25,491 Shares of Hewlett Packard Enterprise (NYSE:HPE)

iA Global Asset Management Inc. boosted its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 17.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,649 shares of the technology company's stock after purchasing an additional 25,491 shares during the period. iA Global Asset Management Inc.'s holdings in Hewlett Packard Enterprise were worth $3,491,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Loop Capital increased their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a report on Monday, September 9th. Morgan Stanley upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $23.00 to $28.00 in a research note on Thursday. Barclays boosted their price target on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Friday. Citigroup raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $23.00 to $26.00 in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They issued a "hold" rating and a $22.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.36.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock traded up $2.30 during midday trading on Friday, reaching $23.95. The company's stock had a trading volume of 37,723,244 shares, compared to its average volume of 10,814,675. The stock has a market cap of $31.10 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 3.40 and a beta of 1.21. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $24.24. The business has a 50-day moving average price of $20.90 and a 200-day moving average price of $19.92.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.03. The business had revenue of $7.71 billion during the quarter, compared to analysts' expectations of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. On average, sell-side analysts predict that Hewlett Packard Enterprise will post 1.83 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, December 20th will be issued a $0.13 dividend. 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 payout ratio is presently 27.37%.

Insider Activity

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the company's stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total value of $1,643,346.48. Following the sale, the chief executive officer now owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jeremy Cox sold 7,770 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total value of $163,170.00. Following the completion of the transaction, the senior vice president now directly owns 7,771 shares in the company, valued at approximately $163,191. This represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 426,012 shares of company stock valued at $8,599,617. 0.40% of the stock is currently owned by corporate insiders.

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.