Hsbc Holdings PLC Reduces Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Hsbc Holdings PLC reduced its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 10.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,800,865 shares of the technology company's stock after selling 981,364 shares during the quarter. Hsbc Holdings PLC owned approximately 0.67% of Hewlett Packard Enterprise worth $187,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Hewlett Packard Enterprise by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company's stock worth $686,011,000 after acquiring an additional 681,242 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $292,959,000. Boston Partners raised its position in shares of Hewlett Packard Enterprise by 19.1% in the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock valued at $276,075,000 after purchasing an additional 2,058,562 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Hewlett Packard Enterprise by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company's stock valued at $208,055,000 after buying an additional 135,874 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Hewlett Packard Enterprise by 9.4% in the 4th quarter. First Trust Advisors LP now owns 7,692,175 shares of the technology company's stock worth $164,228,000 after buying an additional 658,117 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In related news, Director Bethany Mayer sold 6,409 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $13.19, for a total value of $84,534.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock opened at $15.17 on Wednesday. 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 firm has a market cap of $19.93 billion, a P/E ratio of 7.98, a P/E/G ratio of 2.03 and a beta of 1.20. The business's 50 day moving average price is $16.65 and its 200-day moving average price is $19.82. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were issued a $0.13 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.43%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.

Analyst Ratings Changes

HPE has been the subject of a number of analyst reports. Daiwa Capital Markets lowered Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target for the company. in a report on Wednesday, March 12th. Barclays cut their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Daiwa America cut Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. StockNews.com lowered shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Wells Fargo & Company reduced their price objective on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of "Hold" and a consensus target price of $20.60.

Hewlett Packard Enterprise Profile

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.

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise (NYSE:HPE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.