M&T Bank Corp Reduces Position in Hewlett Packard Enterprise (NYSE:HPE)

M&T Bank Corp reduced its position in Hewlett Packard Enterprise (NYSE:HPE) by 8.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,635 shares of the technology company’s stock after selling 13,401 shares during the quarter. M&T Bank Corp’s holdings in Hewlett Packard Enterprise were worth $2,857,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Public Employees Retirement System of Ohio lifted its stake in shares of Hewlett Packard Enterprise by 15.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 657,948 shares of the technology company’s stock worth $13,462,000 after acquiring an additional 87,411 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Hewlett Packard Enterprise by 6.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 414,485 shares of the technology company’s stock worth $8,480,000 after purchasing an additional 25,701 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in shares of Hewlett Packard Enterprise by 23.9% during the third quarter. Hodges Capital Management Inc. now owns 513,900 shares of the technology company’s stock valued at $10,514,000 after purchasing an additional 99,098 shares during the period. Orion Portfolio Solutions LLC grew its holdings in shares of Hewlett Packard Enterprise by 85.3% in the third quarter. Orion Portfolio Solutions LLC now owns 145,371 shares of the technology company’s stock worth $2,974,000 after purchasing an additional 66,913 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in Hewlett Packard Enterprise by 61.6% in the 3rd quarter. National Bank of Canada FI now owns 3,504,681 shares of the technology company’s stock worth $71,706,000 after buying an additional 1,335,318 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on HPE. UBS Group upped their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Barclays raised their price objective on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Raymond James raised Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. StockNews.com upgraded Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a report on Monday, December 9th. Finally, Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.79.

Insiders Place Their Bets

In other news, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the sale, the executive vice president now directly owns 270,430 shares in the company, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Antonio F. Neri sold 83,334 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total value of $1,643,346.48. Following the completion of the transaction, the chief executive officer now directly owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 717,601 shares of company stock valued at $15,140,976. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $21.83 on Friday. 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 stock has a market cap of $28.34 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 2.64 and a beta of 1.21. The stock has a 50-day moving average of $21.08 and a two-hundred day moving average of $20.03. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.24.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 27.37%.

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.