iA Global Asset Management Inc. Has $2.73 Million Position in Hewlett Packard Enterprise (NYSE:HPE)

iA Global Asset Management Inc. lessened its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 25.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 127,963 shares of the technology company's stock after selling 42,686 shares during the quarter. iA Global Asset Management Inc.'s holdings in Hewlett Packard Enterprise were worth $2,732,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HPE. Quest Partners LLC acquired a new position in Hewlett Packard Enterprise in the 3rd quarter valued at $50,000. Pathstone Holdings LLC grew its stake in shares of Hewlett Packard Enterprise by 1.5% in the third quarter. Pathstone Holdings LLC now owns 158,004 shares of the technology company's stock valued at $3,237,000 after acquiring an additional 2,368 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in Hewlett Packard Enterprise by 13.6% during the third quarter. Fifth Third Wealth Advisors LLC now owns 17,233 shares of the technology company's stock worth $353,000 after acquiring an additional 2,068 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Hewlett Packard Enterprise during the third quarter worth about $4,349,000. Finally, PNC Financial Services Group Inc. raised its stake in Hewlett Packard Enterprise by 1.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 389,691 shares of the technology company's stock worth $7,973,000 after purchasing an additional 5,584 shares in the last quarter. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Trading Up 0.5 %

NYSE:HPE traded up $0.08 during mid-day trading on Tuesday, hitting $16.56. 21,197,750 shares of the company's stock were exchanged, compared to its average volume of 15,145,075. Hewlett Packard Enterprise has a fifty-two week low of $14.64 and a fifty-two week high of $24.66. 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 firm has a market capitalization of $21.75 billion, a P/E ratio of 8.72, a PEG ratio of 2.03 and a beta of 1.20. The company has a 50 day simple moving average of $20.11 and a 200-day simple moving average of $20.49.

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Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.14%. Hewlett Packard Enterprise's dividend payout ratio is 25.37%.

Insider Activity at Hewlett Packard Enterprise

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

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Citigroup raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and raised their target price for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Wells Fargo & Company reduced their target price on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a report on Friday, March 7th. Stifel Nicolaus boosted their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Daiwa America downgraded shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Finally, Barclays cut their price target on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $21.27.

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.