Amundi Purchases 203,748 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Amundi increased its stake in Hewlett Packard Enterprise to approximately $106.95 million by acquiring an additional 203,748 shares, representing a 3.0% boost in their holdings during the first quarter.
• Research analysts have upgraded their price targets on HPE, with Deutsche Bank raising it from $21.00 to $26.00 and JPMorgan setting a target of $30.00, indicating a positive outlook for the stock.
• Hewlett Packard Enterprise announced a quarterly dividend of $0.13, translating to an annualized yield of 2.2%, with a payout ratio of 52.53%.

Amundi grew its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 3.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,931,158 shares of the technology company's stock after acquiring an additional 203,748 shares during the period. Amundi owned about 0.53% of Hewlett Packard Enterprise worth $106,948,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in HPE. National Bank of Canada FI lifted its stake in shares of Hewlett Packard Enterprise by 1,369.1% in the 1st quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock valued at $251,192,000 after purchasing an additional 15,171,314 shares during the period. Worldquant Millennium Advisors LLC raised its position in Hewlett Packard Enterprise by 1,382.5% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 3,299,615 shares of the technology company's stock worth $70,447,000 after acquiring an additional 3,077,046 shares during the period. Vanguard Group Inc. raised its position in Hewlett Packard Enterprise by 1.7% during the first quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company's stock worth $2,579,896,000 after acquiring an additional 2,779,446 shares during the period. Allianz Asset Management GmbH raised its position in Hewlett Packard Enterprise by 32.9% during the first quarter. Allianz Asset Management GmbH now owns 5,677,528 shares of the technology company's stock worth $87,604,000 after acquiring an additional 1,406,813 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth $27,528,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Down 0.0%

Hewlett Packard Enterprise stock traded down $0.00 during mid-day trading on Monday, hitting $23.52. The company's stock had a trading volume of 19,126,011 shares, compared to its average volume of 20,148,998. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $24.66. The firm's 50 day moving average is $21.32 and its 200 day moving average is $18.37. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. The company has a market cap of $31.03 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.41 and a beta of 1.43.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 63.41%.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 68,590 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $18.44, for a total transaction of $1,264,799.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $24.04, for a total value of $2,003,349.36. Following the completion of the transaction, the chief executive officer owned 1,752,392 shares of the company's stock, valued at approximately $42,127,503.68. The trade was a 4.54% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 461,924 shares of company stock valued at $10,110,183. 0.36% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HPE. UBS Group increased their target price on shares of Hewlett Packard Enterprise from $18.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday. Loop Capital raised their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Monday, June 9th. The Goldman Sachs Group lifted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday. Bank of America lifted their price target on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, September 2nd. Finally, Evercore ISI upped their price objective on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.87.

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.