Candriam S.C.A. Acquires 3,812 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Candriam S.C.A. grew its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,648 shares of the technology company’s stock after acquiring an additional 3,812 shares during the quarter. Candriam S.C.A.’s holdings in Hewlett Packard Enterprise were worth $2,063,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new position in shares of Hewlett Packard Enterprise in the third quarter valued at $26,000. Hara Capital LLC acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at $28,000. Tandem Financial LLC bought a new position in Hewlett Packard Enterprise in the fourth quarter worth $32,000. Finally, R Squared Ltd bought a new position in Hewlett Packard Enterprise in the fourth quarter worth $45,000. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Stock Down 11.9 %

Shares of NYSE HPE opened at $15.82 on Monday. The business has a fifty day moving average of $21.47 and a two-hundred day moving average of $20.73. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. Hewlett Packard Enterprise has a 52-week low of $14.93 and a 52-week high of $24.66. The stock has a market cap of $20.77 billion, a PE ratio of 8.32, a PEG ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.29%. Hewlett Packard Enterprise’s dividend payout ratio is 25.37%.

Wall Street Analyst Weigh In

Several research analysts recently commented on HPE shares. Morgan Stanley reduced their target price on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Thursday, December 19th. Wells Fargo & Company reduced their target price on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday. Stifel Nicolaus raised their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Susquehanna reduced their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.21.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the transaction, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value of $5,682,125.16. Following the completion of the transaction, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.

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.