Hewlett Packard Enterprise (NYSE:HPE) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC raised its position in Hewlett Packard Enterprise (NYSE:HPE) by 67.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 986,285 shares of the technology company’s stock after acquiring an additional 399,007 shares during the period. Natixis Advisors LLC owned approximately 0.08% of Hewlett Packard Enterprise worth $20,179,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of HPE. Avantax Advisory Services Inc. boosted its stake in Hewlett Packard Enterprise by 4.9% in the first quarter. Avantax Advisory Services Inc. now owns 17,770 shares of the technology company’s stock valued at $315,000 after acquiring an additional 822 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Hewlett Packard Enterprise by 11.3% during the first quarter. Bessemer Group Inc. now owns 40,786 shares of the technology company’s stock worth $722,000 after buying an additional 4,154 shares during the period. National Bank of Canada FI lifted its stake in shares of Hewlett Packard Enterprise by 217.2% during the first quarter. National Bank of Canada FI now owns 2,045,264 shares of the technology company’s stock worth $34,892,000 after buying an additional 1,400,502 shares during the period. Twin Capital Management Inc. lifted its stake in shares of Hewlett Packard Enterprise by 2.9% during the first quarter. Twin Capital Management Inc. now owns 29,445 shares of the technology company’s stock worth $522,000 after buying an additional 832 shares during the period. Finally, Natixis lifted its stake in shares of Hewlett Packard Enterprise by 10,345.0% during the first quarter. Natixis now owns 1,789,965 shares of the technology company’s stock worth $31,736,000 after buying an additional 1,772,828 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HPE. Citigroup began coverage on shares of Hewlett Packard Enterprise in a research note on Monday, September 23rd. They set a “neutral” rating and a $20.00 price objective for the company. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $23.00 to $29.00 in a research note on Monday. Barclays upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $20.00 to $24.00 in a research note on Wednesday, September 25th. Loop Capital raised 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, September 9th. Finally, Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their target price for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus price target of $22.00.

Insider Activity

In related news, EVP Neil B. Macdonald sold 29,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the transaction, the executive vice president now directly owns 82,061 shares in the company, valued at approximately $1,395,037. The trade was a 26.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Antonio F. Neri sold 83,334 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the transaction, the chief executive officer now owns 1,758,641 shares in the company, valued at $34,680,400.52. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 426,012 shares of company stock worth $8,599,617 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Stock Up 1.5 %

HPE opened at $21.39 on Tuesday. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. The company has a fifty day moving average of $19.95 and a two-hundred day moving average of $19.50. The stock has a market capitalization of $27.77 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 3.27 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The business had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. During the same quarter last year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, research analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.43%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 37.14%.

About Hewlett Packard Enterprise

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.