Banque Cantonale Vaudoise Has $6.33 Million Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Banque Cantonale Vaudoise increased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 29.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 309,189 shares of the technology company’s stock after acquiring an additional 69,825 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Hewlett Packard Enterprise were worth $6,327,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Fifth Third Wealth Advisors LLC boosted its position in Hewlett Packard Enterprise by 13.6% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 17,233 shares of the technology company’s stock worth $353,000 after buying an additional 2,068 shares during the period. Legacy Bridge LLC boosted its position in Hewlett Packard Enterprise by 10.0% during the 3rd quarter. Legacy Bridge LLC now owns 66,930 shares of the technology company’s stock worth $1,369,000 after buying an additional 6,105 shares during the period. Caprock Group LLC boosted its position in Hewlett Packard Enterprise by 19.5% during the 3rd quarter. Caprock Group LLC now owns 99,722 shares of the technology company’s stock worth $2,053,000 after buying an additional 16,289 shares during the period. Pathstone Holdings LLC boosted its position in Hewlett Packard Enterprise by 1.5% during the 3rd quarter. Pathstone Holdings LLC now owns 158,004 shares of the technology company’s stock worth $3,237,000 after buying an additional 2,368 shares during the period. Finally, LMR Partners LLP acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter worth approximately $2,047,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 7,770 shares of the company’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the completion of the sale, the senior vice president now owns 7,771 shares in the company, valued at $163,191. This represents a 50.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the sale, the chief executive officer now owns 1,758,641 shares of the company’s stock, valued at approximately $34,680,400.52. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 426,012 shares of company stock worth $8,599,617. 0.40% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $21.39 on Tuesday. The firm has a market capitalization of $27.77 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 3.27 and a beta of 1.19. The firm has a fifty day simple moving average of $19.95 and a two-hundred day simple moving average of $19.50. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. Hewlett Packard Enterprise’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 EPS. Analysts forecast that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.43%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.14%.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of recent analyst reports. Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $21.00 to $24.00 in a research report on Tuesday, September 17th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $23.00 to $29.00 in a research report on Monday. Citigroup initiated coverage on shares of Hewlett Packard Enterprise in a research report on Monday, September 23rd. They issued a “neutral” rating and a $20.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price target on the stock. Finally, Loop Capital boosted their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average price target of $22.00.

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.