Amundi Pioneer Asset Management Inc. Boosts Position in Hewlett Packard Enterprise Co (NYSE:HPE)

Amundi Pioneer Asset Management Inc. boosted its stake in Hewlett Packard Enterprise Co (NYSE:HPE) by 4.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 9,783,104 shares of the technology company’s stock after acquiring an additional 454,015 shares during the quarter. Amundi Pioneer Asset Management Inc. owned 0.73% of Hewlett Packard Enterprise worth $150,954,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Cerebellum GP LLC purchased a new stake in shares of Hewlett Packard Enterprise during the first quarter worth approximately $25,000. Thor Advisors LLC acquired a new position in Hewlett Packard Enterprise during the first quarter worth $37,000. Truvestments Capital LLC acquired a new stake in Hewlett Packard Enterprise in the first quarter valued at $38,000. Private Ocean LLC grew its holdings in Hewlett Packard Enterprise by 34.9% in the first quarter. Private Ocean LLC now owns 2,584 shares of the technology company’s stock valued at $40,000 after purchasing an additional 668 shares during the last quarter. Finally, Icon Wealth Partners LLC acquired a new stake in Hewlett Packard Enterprise in the first quarter valued at $40,000. 81.95% of the stock is currently owned by hedge funds and other institutional investors.

HPE traded up $0.06 during trading on Thursday, reaching $14.75. 6,578,848 shares of the stock traded hands, compared to its average volume of 10,266,521. The stock has a market cap of $19.64 billion, a PE ratio of 9.46, a price-to-earnings-growth ratio of 1.37 and a beta of 1.59. Hewlett Packard Enterprise Co has a fifty-two week low of $12.09 and a fifty-two week high of $17.59. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.80 and a current ratio of 0.93. The firm’s 50-day moving average price is $14.61.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Thursday, May 23rd. The technology company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. Hewlett Packard Enterprise had a return on equity of 12.32% and a net margin of 0.95%. The company had revenue of $7.15 billion during the quarter, compared to analysts’ expectations of $7.38 billion. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. On average, equities research analysts expect that Hewlett Packard Enterprise Co will post 1.67 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be given a dividend of $0.112 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.45 dividend on an annualized basis and a yield of 3.04%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 28.85%.

Several brokerages have recently issued reports on HPE. Daiwa Capital Markets began coverage on Hewlett Packard Enterprise in a research report on Monday, April 1st. They issued a “hold” rating and a $16.00 price objective on the stock. Longbow Research started coverage on Hewlett Packard Enterprise in a report on Friday, June 21st. They issued a “neutral” rating and a $15.00 price objective on the stock. Credit Suisse Group increased their target price on Delta Air Lines from $37.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Zacks Investment Research lowered Horiba from a “hold” rating to a “sell” rating in a research note on Wednesday, May 22nd. Finally, Nomura lowered their price objective on Hewlett Packard Enterprise from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, May 24th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus price target of $16.50.

In related news, insider Philip Davis sold 16,412 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $14.33, for a total value of $235,183.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Irv Rothman sold 84,629 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $13.85, for a total value of $1,172,111.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 111,129 shares of company stock worth $1,558,212. 0.56% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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