Amundi Sells 1,938,001 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Amundi decreased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,727,410 shares of the technology company's stock after selling 1,938,001 shares during the period. Amundi owned about 0.51% of Hewlett Packard Enterprise worth $148,198,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Hewlett Packard Enterprise by 0.8% in the third quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company's stock valued at $642,748,000 after acquiring an additional 251,076 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Hewlett Packard Enterprise by 18.1% in the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company's stock valued at $560,274,000 after purchasing an additional 4,194,213 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Hewlett Packard Enterprise by 6.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company's stock valued at $321,149,000 after purchasing an additional 921,624 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $292,959,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Hewlett Packard Enterprise by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company's stock valued at $208,055,000 after purchasing an additional 135,874 shares in the last quarter. Institutional investors own 80.78% of the company's stock.

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Analyst Ratings Changes

A number of brokerages recently weighed in on HPE. Daiwa America lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Bank of America lowered 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 report on Friday, March 7th. Morgan Stanley lowered their target price on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Stifel Nicolaus lifted their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Finally, Loop Capital lowered their target price on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a report on Monday. Nine research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and an average price target of $21.27.

Hewlett Packard Enterprise Stock Performance

HPE traded down $0.32 on Thursday, reaching $14.77. The company had a trading volume of 30,907,967 shares, compared to its average volume of 14,981,717. Hewlett Packard Enterprise has a fifty-two week low of $14.65 and a fifty-two week high of $24.66. The stock has a market cap of $19.40 billion, a P/E ratio of 7.77, a P/E/G ratio of 2.03 and a beta of 1.20. The company's fifty day moving average is $20.96 and its 200 day moving average is $20.60. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.52%. Hewlett Packard Enterprise's payout ratio is presently 25.37%.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 11,577 shares of the company's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the sale, the senior vice president now owns 48,615 shares of the company's stock, valued at approximately $1,118,145. This represents a 19.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.36% 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.