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

Natixis Advisors LLC raised its position in Hewlett Packard Enterprise (NYSE:HPE) by 67.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 986,285 shares of the technology company’s stock after acquiring an additional 399,007 shares during the period. Natixis Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $20,179,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Valley Wealth Managers Inc. acquired a new position in Hewlett Packard Enterprise in the 3rd quarter valued at about $26,000. Ashton Thomas Private Wealth LLC acquired a new position in Hewlett Packard Enterprise in the 2nd quarter valued at about $28,000. Hazlett Burt & Watson Inc. boosted its holdings in Hewlett Packard Enterprise by 571.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,143 shares during the last quarter. Financial Management Professionals Inc. boosted its holdings in Hewlett Packard Enterprise by 80.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock valued at $29,000 after purchasing an additional 637 shares during the last quarter. Finally, ORG Partners LLC boosted its holdings in Hewlett Packard Enterprise by 224.5% in the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock valued at $39,000 after purchasing an additional 1,282 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,770 shares of the stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the sale, the senior vice president now directly owns 7,771 shares of the company’s stock, valued at approximately $163,191. This represents a 50.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Antonio F. Neri sold 250,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,508,641 shares in the company, valued at approximately $31,274,127.93. This represents a 14.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 426,012 shares of company stock valued at $8,599,617. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of 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 firm’s 50 day moving average price is $19.95 and its 200 day moving average price is $19.50. The company has a market cap of $27.77 billion, a P/E ratio of 15.28, a PEG ratio of 3.27 and a beta of 1.19. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping 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 firm had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.67 billion. During the same period in the prior year, the firm earned $0.35 EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, research analysts forecast that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.14%.

Analyst Upgrades and Downgrades

HPE has been the topic of several recent analyst reports. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $23.00 to $29.00 in a report on Monday. UBS Group boosted their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Loop Capital boosted their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Citigroup began coverage on shares of Hewlett Packard Enterprise in a research note on Monday, September 23rd. They issued a “neutral” rating and a $20.00 price target on the stock. Finally, Susquehanna reissued a “neutral” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average target price of $22.00.

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.