Mirova Acquires New Position in Hewlett Packard Enterprise (NYSE:HPE)

Mirova bought a new position in Hewlett Packard Enterprise (NYSE:HPE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,459 shares of the technology company’s stock, valued at approximately $565,000.

Several other institutional investors also recently made changes to their positions in HPE. Mather Group LLC. boosted its position in Hewlett Packard Enterprise by 6.2% during the 4th quarter. Mather Group LLC. now owns 7,557 shares of the technology company’s stock valued at $161,000 after purchasing an additional 440 shares during the period. Lakewood Asset Management LLC boosted its holdings in shares of Hewlett Packard Enterprise by 0.4% during the fourth quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company’s stock valued at $2,242,000 after acquiring an additional 457 shares during the period. Essex Financial Services Inc. grew its position in shares of Hewlett Packard Enterprise by 3.6% during the fourth quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company’s stock worth $286,000 after acquiring an additional 461 shares during the last quarter. Westside Investment Management Inc. increased its holdings in shares of Hewlett Packard Enterprise by 0.8% in the 4th quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock worth $1,335,000 after acquiring an additional 475 shares during the period. Finally, Aviso Financial Inc. lifted its position in Hewlett Packard Enterprise by 0.9% in the 4th quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company’s stock valued at $1,154,000 after purchasing an additional 490 shares during the last quarter. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $15.13 on Friday. The firm’s 50 day simple moving average is $16.89 and its 200-day simple moving average is $19.89. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $24.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The company has a market cap of $19.87 billion, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were given a dividend of $0.13 per share. The ex-dividend date was Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.44%. Hewlett Packard Enterprise’s payout ratio is presently 25.37%.

Analysts Set New Price Targets

Several brokerages have commented on HPE. StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Wells Fargo & Company lowered their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. Bank of America reduced their price objective on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a report on Friday, March 7th. Morgan Stanley cut shares of Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $14.00 target price on the stock. in a research note on Tuesday, April 8th. Finally, Barclays reduced their price target on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $20.60.

Insider Activity at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is currently owned by 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.