iA Global Asset Management Inc. Sells 42,686 Shares of Hewlett Packard Enterprise (NYSE:HPE)

iA Global Asset Management Inc. lowered its stake in Hewlett Packard Enterprise (NYSE:HPE) by 25.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 127,963 shares of the technology company’s stock after selling 42,686 shares during the quarter. iA Global Asset Management Inc.’s holdings in Hewlett Packard Enterprise were worth $2,732,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in Hewlett Packard Enterprise by 0.8% in the third quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock valued at $642,748,000 after buying an additional 251,076 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Hewlett Packard Enterprise by 18.1% in the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock valued at $560,274,000 after buying an additional 4,194,213 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Hewlett Packard Enterprise by 6.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company’s stock valued at $321,149,000 after buying an additional 921,624 shares in the last quarter. Raymond James Financial Inc. bought a new position in Hewlett Packard Enterprise in the fourth quarter valued at approximately $292,959,000. Finally, Boston Partners raised its holdings in shares of Hewlett Packard Enterprise by 19.1% in the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock valued at $276,075,000 after purchasing an additional 2,058,562 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HPE shares. Wells Fargo & Company lowered their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. Loop Capital lowered their price objective on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, March 10th. Stifel Nicolaus lifted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Bank of America lowered their price objective on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Finally, Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $23.00 to $26.00 in a report on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.27.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the sale, the senior vice president now owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Trading Down 0.5 %

HPE stock opened at $16.26 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The company has a fifty day moving average price of $20.34 and a two-hundred day moving average price of $20.49. Hewlett Packard Enterprise has a one year low of $14.64 and a one year high of $24.66. The stock has a market cap of $21.36 billion, a price-to-earnings ratio of 8.56, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be given a dividend of $0.13 per share. The ex-dividend date is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.20%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 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.