Candriam S.C.A. Has $2.06 Million Holdings in Hewlett Packard Enterprise (NYSE:HPE)

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

Several other institutional investors and hedge funds have also recently bought and sold shares of HPE. Principal Financial Group Inc. raised its holdings in Hewlett Packard Enterprise by 4.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,561,022 shares of the technology company’s stock worth $31,939,000 after buying an additional 68,892 shares during the period. Assetmark Inc. raised its holdings in Hewlett Packard Enterprise by 212.6% during the 3rd quarter. Assetmark Inc. now owns 67,602 shares of the technology company’s stock worth $1,383,000 after buying an additional 45,976 shares during the period. Covestor Ltd raised its holdings in Hewlett Packard Enterprise by 165.8% during the 3rd quarter. Covestor Ltd now owns 3,694 shares of the technology company’s stock worth $76,000 after buying an additional 2,304 shares during the period. Sigma Planning Corp raised its holdings in Hewlett Packard Enterprise by 7.7% during the 3rd quarter. Sigma Planning Corp now owns 37,125 shares of the technology company’s stock worth $760,000 after buying an additional 2,658 shares during the period. Finally, Crossmark Global Holdings Inc. raised its holdings in Hewlett Packard Enterprise by 7.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 254,663 shares of the technology company’s stock worth $5,211,000 after buying an additional 17,717 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on HPE shares. Bank of America cut their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Friday. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday. Stifel Nicolaus upped their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Loop Capital upped their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, December 19th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.21.

Hewlett Packard Enterprise Trading Down 11.9 %

Shares of NYSE HPE opened at $15.82 on Monday. The stock has a market cap of $20.77 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 2.03 and a beta of 1.20. The business has a 50 day simple moving average of $21.47 and a 200 day simple moving average of $20.73. Hewlett Packard Enterprise has a 52 week low of $14.93 and a 52 week high of $24.66. 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 Announces Dividend

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

Insiders Place Their Bets

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

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.