National Bank of Canada FI Increases Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

National Bank of Canada FI increased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 22.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 644,762 shares of the technology company’s stock after purchasing an additional 119,224 shares during the period. National Bank of Canada FI’s holdings in Hewlett Packard Enterprise were worth $10,916,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC bought a new position in shares of Hewlett Packard Enterprise during the 3rd quarter valued at $31,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at about $33,000. Salem Investment Counselors Inc. increased its position in shares of Hewlett Packard Enterprise by 180.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock valued at $33,000 after purchasing an additional 1,261 shares during the last quarter. ORG Partners LLC lifted its stake in shares of Hewlett Packard Enterprise by 111.4% in the 4th quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock worth $44,000 after purchasing an additional 1,378 shares during the period. Finally, NBC Securities Inc. purchased a new position in shares of Hewlett Packard Enterprise in the third quarter worth approximately $52,000. Institutional investors own 80.78% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HPE shares. Wells Fargo & Company upped their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. Barclays decreased their price target on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. Stifel Nicolaus reduced their target price on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Finally, Sanford C. Bernstein downgraded Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $20.00 to $17.00 in a research report on Tuesday, January 16th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.91.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total transaction of $310,758.08. Following the transaction, the senior vice president now owns 15,541 shares in the company, valued at approximately $263,575.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Stock Up 1.9 %

NYSE HPE opened at $17.18 on Thursday. The business has a fifty day moving average price of $17.30 and a 200 day moving average price of $16.42. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89. The company has a market cap of $22.33 billion, a P/E ratio of 11.85, a P/E/G ratio of 3.12 and a beta of 1.20. Hewlett Packard Enterprise has a one year low of $13.70 and a one year high of $20.07.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The company’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same period last year, the firm posted $0.38 earnings per share. Research analysts anticipate that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a yield of 3.03%. Hewlett Packard Enterprise’s payout ratio is 35.86%.

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.