Intact Investment Management Inc. Invests $68,000 in Hewlett Packard Enterprise (NYSE:HPE)

Intact Investment Management Inc. acquired a new position in Hewlett Packard Enterprise (NYSE:HPE) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,200 shares of the technology company’s stock, valued at approximately $68,000.

Other large investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth about $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at about $26,000. Hara Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $28,000. Tandem Financial LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $32,000. Finally, R Squared Ltd acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $45,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HPE shares. Susquehanna lowered their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Stifel Nicolaus increased their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. StockNews.com lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Morgan Stanley lowered their price objective on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and an average target price of $21.27.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of the firm’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 value of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. This trade represents a 19.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $15.68 on Friday. The firm has a market cap of $20.60 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 2.03 and a beta of 1.20. The stock has a 50 day moving average of $20.84 and a 200-day moving average of $20.59. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 52 week low of $14.64 and a 52 week high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.32%. Hewlett Packard Enterprise’s payout ratio is 25.37%.

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.