National Bank of Canada FI Has $251.19 Million Holdings in Hewlett Packard Enterprise Company (NYSE:HPE)

Key Points

• National Bank of Canada FI increased its holdings in Hewlett Packard Enterprise by 1,369.1%, acquiring 15,171,314 shares in the first quarter, totaling 16,279,442 shares worth approximately $251 million.
• Various hedge funds, including Vanguard Group and Northern Trust Corp, have also raised their stakes in Hewlett Packard Enterprise, with institutional investors now owning 80.78% of the company's stock.
• Analysts have given Hewlett Packard Enterprise a consensus rating of "Moderate Buy", with price targets ranging from $18.00 to $30.00 based on recent research reports.

National Bank of Canada FI lifted its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 1,369.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,279,442 shares of the technology company's stock after buying an additional 15,171,314 shares during the period. National Bank of Canada FI owned about 1.24% of Hewlett Packard Enterprise worth $251,192,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HPE. Cerity Partners LLC boosted its holdings in shares of Hewlett Packard Enterprise by 4.7% in the fourth quarter. Cerity Partners LLC now owns 316,540 shares of the technology company's stock valued at $6,711,000 after buying an additional 14,338 shares during the period. Bank of Nova Scotia boosted its stake in Hewlett Packard Enterprise by 2.1% in the 4th quarter. Bank of Nova Scotia now owns 438,111 shares of the technology company's stock worth $9,354,000 after purchasing an additional 9,175 shares during the period. Renaissance Technologies LLC increased its holdings in Hewlett Packard Enterprise by 330.8% during the 4th quarter. Renaissance Technologies LLC now owns 2,842,600 shares of the technology company's stock worth $60,690,000 after purchasing an additional 2,182,800 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Hewlett Packard Enterprise by 34.9% in the 4th quarter. Advisory Services Network LLC now owns 25,688 shares of the technology company's stock valued at $548,000 after purchasing an additional 6,651 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 1.0% in the fourth quarter. Bessemer Group Inc. now owns 204,363 shares of the technology company's stock valued at $4,363,000 after purchasing an additional 2,059 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE traded up $0.44 during trading hours on Friday, hitting $20.84. The company had a trading volume of 15,198,651 shares, compared to its average volume of 15,082,482. The business has a fifty day moving average of $19.61 and a 200-day moving average of $18.32. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52. The firm has a market cap of $27.35 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 3.00 and a beta of 1.37. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The firm had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. During the same period in the prior year, the firm earned $0.42 EPS. The business's revenue was up 5.9% on a year-over-year basis. Equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 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 17th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.5%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HPE shares. Morgan Stanley lifted their target price on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 20th. Loop Capital increased their target price 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. UBS Group lifted their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. KeyCorp assumed coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, June 26th. They set a "sector weight" rating on the stock. Finally, Barclays raised their price objective on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $22.87.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, EVP Phil Mottram sold 30,000 shares of the business'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 owned 42,427 shares of the company's stock, valued at approximately $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jeremy Cox sold 68,590 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was 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 128,590 shares of company stock worth $2,436,000 in the last quarter. Company 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.