National Bank of Canada FI Increases Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

National Bank of Canada FI grew its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 22.7% in the 4th quarter, Holdings Channel reports. The fund owned 644,762 shares of the technology company’s stock after acquiring an additional 119,224 shares during the period. National Bank of Canada FI’s holdings in Hewlett Packard Enterprise were worth $10,916,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HPE. Morgan Stanley grew its stake in Hewlett Packard Enterprise by 4.2% during the 3rd quarter. Morgan Stanley now owns 15,879,051 shares of the technology company’s stock valued at $275,819,000 after purchasing an additional 634,727 shares in the last quarter. Northern Trust Corp lifted its holdings in Hewlett Packard Enterprise by 6.6% in the third quarter. Northern Trust Corp now owns 14,831,872 shares of the technology company’s stock worth $257,630,000 after acquiring an additional 913,014 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Hewlett Packard Enterprise by 6.5% during the third quarter. Invesco Ltd. now owns 14,518,564 shares of the technology company’s stock valued at $252,187,000 after purchasing an additional 880,271 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 10.0% during the third quarter. AQR Capital Management LLC now owns 14,395,647 shares of the technology company’s stock valued at $250,052,000 after purchasing an additional 1,309,878 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Hewlett Packard Enterprise by 4.8% in the 3rd quarter. California Public Employees Retirement System now owns 7,910,836 shares of the technology company’s stock worth $137,411,000 after purchasing an additional 359,590 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 18,323 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total transaction of $310,758.08. Following the transaction, the senior vice president now directly owns 15,541 shares in the company, valued at approximately $263,575.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Morgan Stanley raised their target price on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Sanford C. Bernstein lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $20.00 to $17.00 in a research note on Tuesday, January 16th. Stifel Nicolaus cut their price objective on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Wells Fargo & Company boosted their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. Finally, Barclays decreased their price target on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average price target of $17.91.

Hewlett Packard Enterprise Trading Up 1.9 %

Shares of NYSE HPE opened at $17.18 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. Hewlett Packard Enterprise has a 12 month low of $13.70 and a 12 month high of $20.07. The company has a market cap of $22.33 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 3.12 and a beta of 1.20. The business has a fifty day simple moving average of $17.30 and a 200-day simple moving average of $16.42.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Thursday, February 29th. The technology company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The company had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $7.09 billion. During the same period last year, the company posted $0.38 earnings per share. The business’s revenue for the quarter was down 13.5% on a year-over-year basis. Sell-side analysts predict that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.52 annualized dividend and a yield of 3.03%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 35.86%.

Hewlett Packard Enterprise 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.