Connor Clark & Lunn Investment Management Ltd. Raises Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Connor Clark & Lunn Investment Management Ltd. boosted its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 69.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,016,158 shares of the technology company's stock after acquiring an additional 829,119 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.16% of Hewlett Packard Enterprise worth $41,251,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity

In related news, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the sale, the chief executive officer now directly owns 1,758,641 shares in the company, valued at $34,680,400.52. This represents a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jeremy Cox sold 7,770 shares of the company's stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the sale, the senior vice president now directly owns 7,771 shares in the company, valued at $163,191. This represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 426,012 shares of company stock worth $8,599,617. Company insiders own 0.40% of the company's stock.

Analyst Ratings Changes

HPE has been the subject of several research analyst reports. Susquehanna reissued a "neutral" rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Bank of America raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. 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 research note on Tuesday. Raymond James raised shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and upped their price target for the stock from $23.00 to $29.00 in a report on Monday. Finally, Barclays raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $20.00 to $24.00 in a research note on Wednesday, September 25th. Nine investment 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 company. Based on data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of "Hold" and a consensus target price of $22.21.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock traded down $0.35 during mid-day trading on Wednesday, reaching $21.18. The company had a trading volume of 10,329,955 shares, compared to its average volume of 15,221,043. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $20.06 and a 200-day moving average of $19.53. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The firm has a market cap of $27.51 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 3.27 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The company's quarterly revenue was up 10.1% on a year-over-year basis. On average, sell-side analysts expect that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.46%. Hewlett Packard Enterprise's payout ratio is 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.