Caisse Des Depots ET Consignations Purchases Shares of 217,325 Hewlett Packard Enterprise (NYSE:HPE)

Caisse Des Depots ET Consignations acquired a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 217,325 shares of the technology company’s stock, valued at approximately $4,640,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. NEOS Investment Management LLC lifted its holdings in shares of Hewlett Packard Enterprise by 31.6% in the 4th quarter. NEOS Investment Management LLC now owns 77,707 shares of the technology company’s stock worth $1,659,000 after acquiring an additional 18,667 shares during the last quarter. UniSuper Management Pty Ltd grew its stake in Hewlett Packard Enterprise by 0.6% in the fourth quarter. UniSuper Management Pty Ltd now owns 292,735 shares of the technology company’s stock worth $6,250,000 after purchasing an additional 1,644 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Hewlett Packard Enterprise by 9.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,078,218 shares of the technology company’s stock valued at $45,347,000 after acquiring an additional 174,857 shares during the period. Korea Investment CORP boosted its position in shares of Hewlett Packard Enterprise by 8.3% in the 4th quarter. Korea Investment CORP now owns 1,003,921 shares of the technology company’s stock worth $21,434,000 after purchasing an additional 77,244 shares in the last quarter. Finally, TIAA Trust National Association increased its holdings in shares of Hewlett Packard Enterprise by 5.2% during the fourth quarter. TIAA Trust National Association now owns 15,423 shares of the technology company’s stock valued at $329,000 after acquiring an additional 761 shares in the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HPE has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Daiwa America lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Bank of America cut their target price on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Susquehanna decreased their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Finally, Loop Capital reduced their target price on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. Nine investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and a consensus price target of $21.27.

Insiders Place Their Bets

In related news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction on Monday, January 6th. The stock was sold at an average price of $23.00, for a total value 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 trade represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $16.08 on Thursday. The business’s 50-day moving average is $19.85 and its two-hundred day moving average is $20.45. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. Hewlett Packard Enterprise has a fifty-two week low of $14.64 and a fifty-two week high of $24.66. The company has a market capitalization of $21.12 billion, a P/E ratio of 8.46, a P/E/G ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.23%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 25.37%.

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.