Natixis Advisors LLC raised its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,131,372 shares of the technology company's stock after purchasing an additional 145,087 shares during the period. Natixis Advisors LLC owned about 0.09% of Hewlett Packard Enterprise worth $24,155,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in HPE. CIBC Asset Management Inc raised its holdings in shares of Hewlett Packard Enterprise by 7.0% in the third quarter. CIBC Asset Management Inc now owns 221,562 shares of the technology company's stock valued at $4,533,000 after acquiring an additional 14,493 shares in the last quarter. Claro Advisors LLC bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $324,000. Quest Partners LLC bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $50,000. LMR Partners LLP purchased a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth approximately $2,047,000. Finally, Pathstone Holdings LLC boosted its stake in shares of Hewlett Packard Enterprise by 1.5% during the third quarter. Pathstone Holdings LLC now owns 158,004 shares of the technology company's stock valued at $3,237,000 after purchasing an additional 2,368 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on HPE shares. Barclays reduced their price objective on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Stifel Nicolaus upped their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Loop Capital dropped their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a research report on Monday, March 10th. Wells Fargo & Company cut their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Finally, StockNews.com cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Nine 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.com, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and an average price target of $21.27.
Check Out Our Latest Research Report on Hewlett Packard Enterprise
Insider Activity at Hewlett Packard Enterprise
In related news, SVP Jeremy Cox sold 11,577 shares of the business's stock in a transaction 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 transaction, the senior vice president now directly owns 48,615 shares in the company, valued at $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.36% of the stock is owned by insiders.
Hewlett Packard Enterprise Stock Performance
HPE stock traded down $0.01 during midday trading on Friday, reaching $16.09. The stock had a trading volume of 47,405,426 shares, compared to its average volume of 15,087,649. The firm has a fifty day simple moving average of $20.34 and a two-hundred day simple moving average of $20.49. Hewlett Packard Enterprise has a 52-week low of $14.64 and a 52-week high of $24.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The stock has a market cap of $21.13 billion, a PE ratio of 8.47, a P/E/G ratio of 2.03 and a beta of 1.20.
Hewlett Packard Enterprise Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 25.37%.
Hewlett Packard Enterprise Company Profile
(
Free Report)
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.
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