Healthcare of Ontario Pension Plan Trust Fund Reduces Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 99.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,896 shares of the technology company's stock after selling 2,927,463 shares during the period. Healthcare of Ontario Pension Plan Trust Fund's holdings in Hewlett Packard Enterprise were worth $40,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Capital Investment Counsel Inc boosted its position in Hewlett Packard Enterprise by 1.2% in the second quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company's stock worth $874,000 after purchasing an additional 500 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Hewlett Packard Enterprise by 4.8% in the second quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company's stock worth $231,000 after purchasing an additional 501 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Hewlett Packard Enterprise by 0.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company's stock worth $2,363,000 after purchasing an additional 536 shares during the last quarter. Bailard Inc. boosted its position in Hewlett Packard Enterprise by 1.7% in the second quarter. Bailard Inc. now owns 35,349 shares of the technology company's stock worth $748,000 after purchasing an additional 580 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co boosted its position in Hewlett Packard Enterprise by 0.5% in the second quarter. Elo Mutual Pension Insurance Co now owns 119,347 shares of the technology company's stock worth $2,527,000 after purchasing an additional 598 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Jeremy Cox sold 7,770 shares of the business's stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the transaction, the senior vice president now owns 7,771 shares of the company's stock, valued at approximately $163,191. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Neil B. Macdonald sold 29,000 shares of the business's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the transaction, the executive vice president now owns 82,061 shares in the company, valued at $1,395,037. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeremy Cox sold 7,770 shares of the business's stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the transaction, the senior vice president now owns 7,771 shares of the company's stock, valued at approximately $163,191. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 176,012 shares of company stock valued at $3,417,117. 0.40% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Price Performance

NYSE:HPE traded down $0.12 during trading hours on Wednesday, reaching $20.85. The stock had a trading volume of 10,701,952 shares, compared to its average volume of 15,838,737. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The company has a 50 day moving average price of $18.65 and a two-hundred day moving average price of $18.85. The stock has a market capitalization of $27.10 billion, a PE ratio of 15.18, a PEG ratio of 3.05 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.67 billion. During the same quarter in the previous year, the company posted $0.35 EPS. The company's revenue was up 10.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio is currently 37.96%.

Wall Street Analysts Forecast Growth

HPE has been the topic of a number of analyst reports. Susquehanna reaffirmed a "neutral" rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, September 6th. Citigroup initiated coverage on Hewlett Packard Enterprise in a research report on Monday, September 23rd. They set a "neutral" rating and a $20.00 price objective on the stock. Loop Capital lifted their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research report on Monday, September 9th. Morgan Stanley reaffirmed an "equal weight" rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Finally, UBS Group lifted their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, September 5th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $21.36.

Hewlett Packard Enterprise Company 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.