Oddo BHF Asset Management Sas purchased a new stake in Hewlett Packard Enterprise (NYSE:HPE – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 93,616 shares of the technology company’s stock, valued at approximately $1,915,000.
Several other hedge funds have also bought and sold shares of HPE. Geode Capital Management LLC boosted its holdings in Hewlett Packard Enterprise by 0.8% during the third quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock worth $642,748,000 after buying an additional 251,076 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Hewlett Packard Enterprise by 18.1% during the 3rd quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after acquiring an additional 4,194,213 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Hewlett Packard Enterprise by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 18,871,236 shares of the technology company’s stock valued at $399,507,000 after acquiring an additional 822,722 shares during the period. Legal & General Group Plc increased its stake in shares of Hewlett Packard Enterprise by 3.8% in the 2nd quarter. Legal & General Group Plc now owns 16,939,160 shares of the technology company’s stock valued at $358,602,000 after purchasing an additional 617,691 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Hewlett Packard Enterprise by 6.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company’s stock worth $321,149,000 after purchasing an additional 921,624 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.
Hewlett Packard Enterprise Stock Performance
HPE opened at $21.83 on Friday. The stock has a market capitalization of $28.34 billion, a PE ratio of 11.49, a P/E/G ratio of 2.64 and a beta of 1.21. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The business’s 50 day moving average price is $21.08 and its 200 day moving average price is $20.03.
Hewlett Packard Enterprise Announces Dividend
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on HPE. Deutsche Bank Aktiengesellschaft started coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a “hold” rating and a $22.00 target price for the company. Stifel Nicolaus upped their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their target price for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. Finally, Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.79.
Get Our Latest Analysis on Hewlett Packard Enterprise
Insider Buying and Selling
In other news, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the transaction, the executive vice president now directly owns 270,430 shares in the company, valued at $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeremy Cox sold 7,770 shares of the business’s stock in a transaction 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 completion of the sale, the senior vice president now owns 7,771 shares in the company, valued at $163,191. This represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 717,601 shares of company stock valued at $15,140,976. 0.40% of the stock is currently owned by insiders.
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.
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