Candriam Luxembourg S.C.A. lifted its stake in Hewlett Packard Enterprise Co (NYSE:HPE) by 2.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 165,978 shares of the technology company’s stock after purchasing an additional 4,267 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Hewlett Packard Enterprise were worth $2,383,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Burke & Herbert Bank & Trust Co. boosted its position in shares of Hewlett Packard Enterprise by 12.3% in the 4th quarter. Burke & Herbert Bank & Trust Co. now owns 30,840 shares of the technology company’s stock valued at $443,000 after purchasing an additional 3,380 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of Hewlett Packard Enterprise by 1.9% in the 4th quarter. Mutual of America Capital Management LLC now owns 198,411 shares of the technology company’s stock valued at $2,849,000 after purchasing an additional 3,711 shares during the period. Pacer Advisors Inc. boosted its position in shares of Hewlett Packard Enterprise by 10.3% in the 3rd quarter. Pacer Advisors Inc. now owns 42,380 shares of the technology company’s stock valued at $623,000 after purchasing an additional 3,970 shares during the period. Xact Kapitalforvaltning AB boosted its position in shares of Hewlett Packard Enterprise by 1.6% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 271,431 shares of the technology company’s stock valued at $3,993,000 after purchasing an additional 4,313 shares during the period. Finally, LS Investment Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 6.9% in the 3rd quarter. LS Investment Advisors LLC now owns 68,177 shares of the technology company’s stock valued at $1,003,000 after purchasing an additional 4,390 shares during the period. Institutional investors and hedge funds own 81.84% of the company’s stock.

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Hewlett Packard Enterprise Co (NYSE:HPE) opened at $19.41 on Wednesday. Hewlett Packard Enterprise Co has a 1 year low of $12.69 and a 1 year high of $19.48. The company has a market capitalization of $29,741.66, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 1.59 and a beta of 1.82. The company has a quick ratio of 0.93, a current ratio of 1.06 and a debt-to-equity ratio of 0.42.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.12. Hewlett Packard Enterprise had a return on equity of 7.40% and a net margin of 4.52%. The company had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the firm earned $0.45 EPS. Hewlett Packard Enterprise’s revenue for the quarter was up 11.6% compared to the same quarter last year. equities analysts anticipate that Hewlett Packard Enterprise Co will post 1.4 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Tuesday, March 13th. Hewlett Packard Enterprise’s payout ratio is presently 31.91%.

Hewlett Packard Enterprise announced that its Board of Directors has approved a stock buyback plan on Thursday, February 22nd that authorizes the company to repurchase $5.50 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

A number of research firms recently weighed in on HPE. Sanford C. Bernstein reiterated a “buy” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. JPMorgan Chase & Co. started coverage on Hewlett Packard Enterprise in a research report on Friday, March 2nd. They set a “neutral” rating and a $21.00 price objective for the company. BMO Capital Markets raised their price objective on Hewlett Packard Enterprise from $14.00 to $19.00 and gave the stock a “market perform” rating in a research report on Friday, February 23rd. Zacks Investment Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a research report on Tuesday, February 27th. Finally, Deutsche Bank raised their price objective on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $17.46.

In related news, SVP Kirt P. Karros sold 9,135 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $14.33, for a total value of $130,904.55. Following the sale, the senior vice president now owns 4,173 shares of the company’s stock, valued at approximately $59,799.09. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Alan Richard May sold 7,607 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $14.42, for a total value of $109,692.94. Following the completion of the sale, the executive vice president now directly owns 100,079 shares in the company, valued at approximately $1,443,139.18. The disclosure for this sale can be found here. Insiders have sold a total of 1,543,072 shares of company stock worth $25,063,072 in the last three months. 1.18% of the stock is owned by insiders.

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About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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

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