Banque Transatlantique SA Purchases New Position in Hewlett Packard Enterprise Company $HPE

Key Points

• Banque Transatlantique SA acquired 2,132,476 shares of Hewlett Packard Enterprise Company, valued at approximately $30.4 million, during the first quarter, representing a 0.16% ownership stake.
• Institutional ownership is significant, with hedge funds and institutional investors owning about 80.78% of Hewlett Packard Enterprise's stock, reflecting strong interest from the investment community.
• Hewlett Packard Enterprise recently reported earnings of $0.38 EPS, outperforming analyst estimates, and has a projected earnings per share of 1.85 for the current year.

Banque Transatlantique SA purchased a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,132,476 shares of the technology company's stock, valued at approximately $30,408,000. Banque Transatlantique SA owned 0.16% of Hewlett Packard Enterprise as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of HPE. Putney Financial Group LLC purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $25,000. Hara Capital LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter valued at approximately $28,000. Ameriflex Group Inc. bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $31,000. Alpine Bank Wealth Management acquired a new position in Hewlett Packard Enterprise during the 1st quarter worth $25,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in Hewlett Packard Enterprise by 345.0% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after buying an additional 1,318 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on HPE. UBS Group upped 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. Bank of America upped their price objective on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Tuesday, September 2nd. 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 report on Wednesday, August 6th. JPMorgan Chase & Co. began coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, July 17th. They issued an "overweight" rating and a $30.00 price objective for the company. Finally, The Goldman Sachs Group upped their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday. One research 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $24.87.

Hewlett Packard Enterprise Stock Up 1.6%

Shares of Hewlett Packard Enterprise stock traded up $0.37 during trading hours on Friday, reaching $23.53. 24,229,009 shares of the company's stock were exchanged, compared to its average volume of 19,697,092. The company has a 50 day moving average of $21.26 and a two-hundred day moving average of $18.38. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The stock has a market cap of $30.88 billion, a P/E ratio of 28.70, a P/E/G ratio of 2.10 and a beta of 1.43.

Hewlett Packard Enterprise Dividend Announcement

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

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 166,666 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the transaction, the chief executive officer directly owned 1,919,060 shares of the company's stock, valued at approximately $43,217,231.20. This trade represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeremy Cox sold 68,590 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The disclosure for this sale can be found here. Insiders have sold a total of 461,924 shares of company stock valued at $10,110,183 in the last three months. 0.36% of the stock is currently owned by company insiders.

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.