Lbp Am Sa Grows Position in Hewlett Packard Enterprise (NYSE:HPE)

LBP AM SA increased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 547,386 shares of the technology company's stock after purchasing an additional 21,990 shares during the quarter. LBP AM SA's holdings in Hewlett Packard Enterprise were worth $11,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Mather Group LLC. lifted its holdings in shares of Hewlett Packard Enterprise by 6.2% during the fourth quarter. Mather Group LLC. now owns 7,557 shares of the technology company's stock valued at $161,000 after purchasing an additional 440 shares in the last quarter. Lakewood Asset Management LLC lifted its holdings in shares of Hewlett Packard Enterprise by 0.4% during the fourth quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company's stock valued at $2,242,000 after purchasing an additional 457 shares in the last quarter. Essex Financial Services Inc. lifted its holdings in Hewlett Packard Enterprise by 3.6% in the fourth quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company's stock valued at $286,000 after acquiring an additional 461 shares during the period. Westside Investment Management Inc. lifted its holdings in Hewlett Packard Enterprise by 0.8% in the fourth quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company's stock valued at $1,335,000 after acquiring an additional 475 shares during the period. Finally, Waterfront Wealth Inc. lifted its holdings in Hewlett Packard Enterprise by 0.4% in the fourth quarter. Waterfront Wealth Inc. now owns 129,698 shares of the technology company's stock valued at $2,769,000 after acquiring an additional 524 shares during the period. 80.78% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HPE. Wells Fargo & Company lowered 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. Barclays lowered their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Susquehanna lowered their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Morgan Stanley lowered their target price on Hewlett Packard Enterprise from $28.00 to $24.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Finally, Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price on the stock. in a report on Wednesday, March 12th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $21.27.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE traded up $0.43 during trading on Wednesday, hitting $16.36. 21,468,551 shares of the company's stock were exchanged, compared to its average volume of 14,941,352. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a 52-week low of $14.64 and a 52-week high of $24.66. The business's 50-day simple moving average is $20.57 and its 200 day simple moving average is $20.55. The company has a market cap of $21.48 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio is currently 25.37%.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction dated Monday, January 6th. The stock was 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 in the company, valued at approximately $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is currently owned by company insiders.

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.