Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,609,078 shares of the technology company's stock after acquiring an additional 129,463 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.74% of Hewlett Packard Enterprise worth $196,602,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. raised its stake in Hewlett Packard Enterprise by 14,953.2% during the second quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company's stock worth $490,925,000 after purchasing an additional 23,035,594 shares during the period. Marshall Wace LLP raised its position in shares of Hewlett Packard Enterprise by 3,228.2% during the 2nd quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company's stock valued at $186,831,000 after buying an additional 8,560,086 shares during the period. Mizuho Markets Americas LLC acquired a new position in Hewlett Packard Enterprise in the third quarter valued at approximately $105,185,000. Panagora Asset Management Inc. grew its position in Hewlett Packard Enterprise by 336.7% in the second quarter. Panagora Asset Management Inc. now owns 4,269,603 shares of the technology company's stock worth $90,387,000 after acquiring an additional 3,291,880 shares during the period. Finally, Raymond James & Associates increased its stake in Hewlett Packard Enterprise by 92.5% during the third quarter. Raymond James & Associates now owns 4,404,520 shares of the technology company's stock worth $90,116,000 after acquiring an additional 2,116,824 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HPE. UBS Group increased their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, September 5th. Susquehanna reaffirmed a "neutral" rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft started coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They issued a "hold" rating and a $22.00 target price on the stock. Loop Capital raised their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Monday, September 9th. Finally, Citigroup lifted their price objective on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of "Hold" and a consensus target price of $22.21.

Insiders Place Their Bets

In other news, CEO Antonio F. Neri sold 83,334 shares of the business's stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total value of $1,643,346.48. Following the transaction, the chief executive officer now owns 1,758,641 shares of the company's stock, valued at approximately $34,680,400.52. The trade was a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total value of $493,000.00. Following the sale, the executive vice president now directly owns 82,061 shares of the company's stock, valued at approximately $1,395,037. This represents a 26.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 426,012 shares of company stock valued at $8,599,617. Insiders own 0.40% of the company's stock.

Hewlett Packard Enterprise Stock Performance

HPE traded up $0.36 on Friday, reaching $22.10. The company had a trading volume of 8,865,765 shares, compared to its average volume of 11,014,030. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. The stock has a market capitalization of $28.70 billion, a PE ratio of 15.79, a P/E/G ratio of 3.40 and a beta of 1.19. The stock has a 50-day moving average price of $20.35 and a 200-day moving average price of $19.61.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.03. The firm had revenue of $7.71 billion during the quarter, compared to analysts' expectations of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The business's revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. As a group, research analysts forecast that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio is currently 37.14%.

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.