iA Global Asset Management Inc. Sells 33,389 Shares of Hewlett Packard Enterprise (NYSE:HPE)

iA Global Asset Management Inc. lessened its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 37.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 56,022 shares of the technology company’s stock after selling 33,389 shares during the period. iA Global Asset Management Inc.’s holdings in Hewlett Packard Enterprise were worth $993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James & Associates increased its holdings in Hewlett Packard Enterprise by 13.2% in the 4th quarter. Raymond James & Associates now owns 932,921 shares of the technology company’s stock valued at $15,841,000 after buying an additional 108,971 shares during the period. Nordea Investment Management AB grew its holdings in shares of Hewlett Packard Enterprise by 12.3% in the 1st quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock worth $84,166,000 after purchasing an additional 517,734 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Hewlett Packard Enterprise by 56.1% in the 1st quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock worth $23,455,000 after purchasing an additional 475,397 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Hewlett Packard Enterprise by 17.4% in the 4th quarter. Mackenzie Financial Corp now owns 1,562,640 shares of the technology company’s stock worth $26,534,000 after purchasing an additional 232,150 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Hewlett Packard Enterprise by 5.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock worth $68,356,000 after purchasing an additional 196,112 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $19.51, for a total transaction of $975,500.00. Following the transaction, the director now owns 150,948 shares in the company, valued at $2,944,995.48. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise 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 transaction, the chief executive officer now owns 57,081 shares in the company, valued at approximately $1,236,945.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $19.51, for a total value of $975,500.00. Following the transaction, the director now owns 150,948 shares in the company, valued at approximately $2,944,995.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,141 shares of company stock worth $2,850,108. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Trading Down 4.2 %

Hewlett Packard Enterprise stock traded down $0.83 during mid-day trading on Thursday, hitting $19.08. The stock had a trading volume of 9,166,124 shares, compared to its average volume of 15,494,900. The stock has a 50-day simple moving average of $20.28 and a two-hundred day simple moving average of $17.93. The stock has a market capitalization of $24.80 billion, a PE ratio of 14.53, a P/E/G ratio of 2.75 and a beta of 1.19. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82. The company has a current ratio of 0.90, a quick ratio of 0.59 and a debt-to-equity ratio of 0.34.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The firm had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the business earned $0.32 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Hewlett Packard Enterprise will post 1.59 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 37.96%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Stifel Nicolaus increased their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Evercore ISI boosted their target price on shares of 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. Susquehanna upped their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 5th. Finally, Sanford C. Bernstein raised their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, June 5th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $21.08.

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.