iA Global Asset Management Inc. Raises Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

iA Global Asset Management Inc. lifted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 159.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 145,158 shares of the technology company’s stock after acquiring an additional 89,136 shares during the period. iA Global Asset Management Inc.’s holdings in Hewlett Packard Enterprise were worth $3,073,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Lee Danner & Bass Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the second quarter worth about $1,600,000. Signaturefd LLC lifted its position in Hewlett Packard Enterprise by 17.6% during the 2nd quarter. Signaturefd LLC now owns 26,344 shares of the technology company’s stock worth $558,000 after acquiring an additional 3,949 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Hewlett Packard Enterprise by 56.9% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 597,787 shares of the technology company’s stock valued at $12,655,000 after purchasing an additional 216,725 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Hewlett Packard Enterprise by 4.4% during the second quarter. Crossmark Global Holdings Inc. now owns 236,946 shares of the technology company’s stock worth $5,016,000 after purchasing an additional 9,905 shares during the last quarter. Finally, Minneapolis Portfolio Management Group LLC acquired a new stake in shares of Hewlett Packard Enterprise during the second quarter worth $14,874,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HPE has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 5th. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Bank of America boosted their target price on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, June 21st. Stifel Nicolaus raised their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Finally, Evercore ISI increased their price objective on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 5th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus target price of $21.18.

Hewlett Packard Enterprise Stock Up 3.7 %

Shares of NYSE HPE opened at $19.37 on Friday. The firm’s 50-day moving average is $19.63 and its two-hundred day moving average is $18.34. The company has a market capitalization of $25.17 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59.

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

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, June 19th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.96%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Gerri Gold sold 22,784 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the transaction, the chief executive officer now directly owns 57,081 shares in the company, valued at approximately $1,236,945.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Hewlett Packard Enterprise 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 value of $493,729.28. Following the completion of the sale, 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 can be accessed through this link. Also, Director Gary M. Reiner sold 50,000 shares of the 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,141 shares of company stock valued at $2,850,108. Company insiders own 0.40% of the company’s stock.

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.