Intech Investment Management LLC Has $18.70 Million Stock Position in Hewlett Packard Enterprise Company $HPE

Key Points

• Intech Investment Management LLC increased its stake in Hewlett Packard Enterprise by 1.2%, holding approximately 1.21 million shares valued at $18.70 million as of the latest reporting period.
• Multiple analysts have raised their price targets for HPE, with Citigroup and Barclays setting their targets at $26.00, and the consensus target price now standing at $24.87.
• The company has declared a quarterly dividend of $0.13 per share, resulting in an annualized dividend yield of 2.2%, scheduled to be paid on October 17th.

Intech Investment Management LLC boosted its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 1.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,211,774 shares of the technology company's stock after buying an additional 14,368 shares during the quarter. Intech Investment Management LLC owned approximately 0.09% of Hewlett Packard Enterprise worth $18,698,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. National Bank of Canada FI boosted its stake in shares of Hewlett Packard Enterprise by 1,369.1% during the 1st quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock worth $251,192,000 after acquiring an additional 15,171,314 shares during the period. AQR Capital Management LLC lifted its holdings in Hewlett Packard Enterprise by 45.6% during the 1st quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company's stock valued at $193,078,000 after purchasing an additional 3,922,516 shares during the last quarter. Worldquant Millennium Advisors LLC boosted 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 purchasing an additional 3,077,046 shares during the period. Vanguard Group Inc. increased its holdings in shares of Hewlett Packard Enterprise by 1.7% in the first quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company's stock valued at $2,579,896,000 after purchasing an additional 2,779,446 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Hewlett Packard Enterprise by 15.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company's stock valued at $271,333,000 after purchasing an additional 2,373,850 shares during the period. Institutional investors own 80.78% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Susquehanna lifted their target price on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a "neutral" rating in a report on Thursday, September 4th. Citigroup upped their target price on Hewlett Packard Enterprise from $25.00 to $26.00 and gave the company a "buy" rating in a research report on Thursday, September 4th. Barclays lifted their price target on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft upped their price objective on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Bank of America lifted their target price on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise has an average rating of "Moderate Buy" and a consensus target price of $24.87.

Hewlett Packard Enterprise Stock Performance

HPE opened at $23.90 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $24.66. The firm has a market cap of $31.53 billion, a P/E ratio of 29.15, a price-to-earnings-growth ratio of 2.42 and a beta of 1.43. The business's fifty day moving average is $21.39 and its 200-day moving average is $18.41.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared 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 dividend on an annualized basis 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 is 63.41%.

Insider Buying and Selling

In other news, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Phil Mottram sold 30,000 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the sale, the executive vice president directly owned 42,427 shares in the company, valued at $871,450.58. This trade represents a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 461,924 shares of company stock worth $10,110,183. Corporate insiders own 0.36% 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.

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