UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Grows Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• UBS Asset Management has increased its holdings in Hewlett Packard Enterprise (HPE) by 15.6%, acquiring an additional 2,373,850 shares to own a total of 17,584,742 shares, valued at approximately $271.3 million.
• Multiple institutional investors, including Vanguard Group and National Bank of Canada FI, have significantly raised their stakes in HPE, with National Bank increasing its position by an astounding 1,369.1%.
• Hewlett Packard Enterprise has announced a quarterly dividend of $0.13 per share, which will be paid on October 17th, representing a yield of 2.1%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 15.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,584,742 shares of the technology company's stock after buying an additional 2,373,850 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 1.34% of Hewlett Packard Enterprise worth $271,333,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in HPE. Putney Financial Group LLC bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $25,000. Alpine Bank Wealth Management bought a new stake in Hewlett Packard Enterprise during the first quarter worth $25,000. Bruce G. Allen Investments LLC boosted its holdings in shares of Hewlett Packard Enterprise by 345.0% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock valued at $26,000 after purchasing an additional 1,318 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Hewlett Packard Enterprise in the 1st quarter valued at $27,000. Finally, Hara Capital LLC bought a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at $28,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HPE shares. Morgan Stanley raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $22.00 to $28.00 in a research note on Thursday, August 21st. Bank of America raised their price target on shares of Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd. Wells Fargo & Company lifted their price target on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the company an "equal weight" rating in a report on Thursday, September 4th. Evercore ISI increased 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. Finally, Wolfe Research began coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.87.

Insider Transactions at Hewlett Packard Enterprise

In related news, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $22.52, for a total value 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 $43,217,231.20. The trade was a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the 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 sold 461,924 shares of company stock worth $10,110,183 over the last ninety days. 0.36% of the stock is owned by insiders.

Hewlett Packard Enterprise Trading Down 0.4%

Shares of Hewlett Packard Enterprise stock traded down $0.10 during trading on Friday, hitting $24.76. The company's stock had a trading volume of 20,682,178 shares, compared to its average volume of 21,217,144. The stock has a market cap of $32.67 billion, a price-to-earnings ratio of 30.20, a price-to-earnings-growth ratio of 2.56 and a beta of 1.43. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $25.10. The stock has a 50-day moving average price of $21.59 and a two-hundred day moving average price of $18.51. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.1%. Hewlett Packard Enterprise's dividend payout ratio is presently 63.41%.

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.