Caisse DE Depot ET Placement DU Quebec Lowers Position in Hewlett Packard Enterprise (NYSE:HPE)

Caisse DE Depot ET Placement DU Quebec reduced its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 61.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,164,837 shares of the technology company's stock after selling 1,856,193 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.09% of Hewlett Packard Enterprise worth $24,869,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hara Capital LLC bought a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $28,000. Tandem Financial LLC purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at approximately $32,000. Conquis Financial LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $41,000. R Squared Ltd acquired a new stake in Hewlett Packard Enterprise in the 4th quarter valued at about $45,000. Finally, Tompkins Financial Corp lifted its holdings in shares of Hewlett Packard Enterprise by 397.9% during the fourth quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company's stock worth $61,000 after purchasing an additional 2,300 shares during the period. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Trading Up 3.4 %

HPE traded up $0.56 during trading on Thursday, hitting $17.12. 5,491,147 shares of the stock were exchanged, compared to its average volume of 17,025,967. The firm has a 50 day simple moving average of $15.63 and a 200 day simple moving average of $19.49. 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 1 year low of $11.97 and a 1 year high of $24.66. The firm has a market cap of $22.49 billion, a price-to-earnings ratio of 9.00, a P/E/G ratio of 2.03 and a beta of 1.29.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were issued a $0.13 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.04%. Hewlett Packard Enterprise's payout ratio is 25.37%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HPE. Susquehanna cut their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Morgan Stanley cut shares of Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 price target on the stock. in a research report on Tuesday, April 8th. Daiwa America cut Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Loop Capital reduced their price objective on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research report on Monday, March 10th. Finally, Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price for the company. in a research report on Wednesday, March 12th. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $20.60.

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.