BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 1,195,682 Shares of Hewlett Packard Enterprise (NYSE:HPE)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 75.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 381,062 shares of the technology company's stock after selling 1,195,682 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in Hewlett Packard Enterprise were worth $6,756,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. American Century Companies Inc. raised its stake in shares of Hewlett Packard Enterprise by 5.1% in the third quarter. American Century Companies Inc. now owns 918,519 shares of the technology company's stock valued at $15,955,000 after purchasing an additional 44,530 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Hewlett Packard Enterprise by 51.9% during the 3rd quarter. Wellington Management Group LLP now owns 87,085 shares of the technology company's stock worth $1,513,000 after acquiring an additional 29,737 shares during the period. Raymond James Trust N.A. boosted its position in shares of Hewlett Packard Enterprise by 10.1% during the 4th quarter. Raymond James Trust N.A. now owns 12,070 shares of the technology company's stock valued at $205,000 after acquiring an additional 1,107 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Hewlett Packard Enterprise by 7.6% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 9,391 shares of the technology company's stock worth $159,000 after purchasing an additional 666 shares in the last quarter. Finally, Brookstone Capital Management lifted its stake in Hewlett Packard Enterprise by 8.1% during the fourth quarter. Brookstone Capital Management now owns 18,994 shares of the technology company's stock worth $323,000 after purchasing an additional 1,418 shares during the period. Institutional investors own 80.78% of the company's stock.

Insider Activity

In related news, CEO Gerri Gold sold 22,784 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $21.67, for a total transaction of $493,729.28. Following the completion of the transaction, the chief executive officer now directly owns 57,081 shares in the company, valued at $1,236,945.27. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of the firm's stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the completion of the transaction, the senior vice president now directly owns 15,541 shares in the company, valued at $263,575.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gerri Gold sold 22,784 shares of the business's stock in a transaction on Friday, June 14th. The stock was sold at an average price of $21.67, for a total transaction of $493,729.28. Following the transaction, the chief executive officer now owns 57,081 shares in the company, valued at $1,236,945.27. The disclosure for this sale can be found here. Insiders sold 158,464 shares of company stock worth $3,160,866 over the last quarter. 0.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HPE has been the topic of several analyst reports. Morgan Stanley reiterated an "equal weight" rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Evercore ISI increased their price objective on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an "in-line" rating in a research note on Wednesday, June 5th. Barclays boosted their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 5th. Stifel Nicolaus increased their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a "buy" rating in a research report on Wednesday, June 5th. Finally, UBS Group boosted their price target on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a "neutral" rating in a research report on Wednesday, June 5th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $21.08.

Hewlett Packard Enterprise Trading Down 0.9 %

Shares of NYSE HPE traded down $0.19 during mid-day trading on Friday, hitting $20.48. The company's stock had a trading volume of 9,990,133 shares, compared to its average volume of 15,885,783. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The company's fifty day simple moving average is $19.89 and its 200-day simple moving average is $17.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59. The stock has a market cap of $26.62 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 3.01 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.03. The firm had revenue of $7.20 billion for the quarter, compared to analysts' expectations of $6.82 billion. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. On average, sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, June 19th were given a $0.13 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.54%. Hewlett Packard Enterprise's dividend payout ratio is presently 37.96%.

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.