Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Amundi

Amundi decreased its position in Hewlett Packard Enterprise (NYSE:HPE) by 22.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,727,410 shares of the technology company’s stock after selling 1,938,001 shares during the quarter. Amundi owned about 0.51% of Hewlett Packard Enterprise worth $148,198,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $292,959,000. Eagle Asset Management Inc. increased its stake in shares of Hewlett Packard Enterprise by 3,537.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock valued at $127,571,000 after acquiring an additional 5,629,006 shares during the last quarter. Mizuho Markets Americas LLC acquired a new position in shares of Hewlett Packard Enterprise during the 3rd quarter valued at about $105,185,000. Pacer Advisors Inc. increased its stake in shares of Hewlett Packard Enterprise by 18.1% during the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock valued at $560,274,000 after acquiring an additional 4,194,213 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Hewlett Packard Enterprise by 35.1% during the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after acquiring an additional 1,885,559 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Activity

In other news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was 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 approximately $1,118,145. This represents a 19.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value of $5,682,125.16. Following the transaction, the executive vice president now owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

HPE has been the subject of a number of research analyst reports. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Barclays dropped their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley dropped their target price on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Stifel Nicolaus increased their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Seven equities research 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.64.

Hewlett Packard Enterprise Stock Down 4.5 %

NYSE HPE opened at $15.09 on Tuesday. The stock has a market cap of $19.82 billion, a PE ratio of 7.94, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a fifty-two week low of $14.85 and a fifty-two week high of $24.66. The business has a 50 day moving average price of $21.34 and a two-hundred day moving average price of $20.71. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 25.37%.

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.