Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Rheos Capital Works Inc.

Rheos Capital Works Inc. lessened its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 68.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 280,000 shares of the technology company's stock after selling 620,000 shares during the quarter. Rheos Capital Works Inc.'s holdings in Hewlett Packard Enterprise were worth $5,729,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. increased its holdings in shares of Hewlett Packard Enterprise by 14,953.2% in the 2nd quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company's stock valued at $490,925,000 after acquiring an additional 23,035,594 shares during the period. Marshall Wace LLP increased its holdings 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. Vanguard Group Inc. increased its holdings in shares of Hewlett Packard Enterprise by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company's stock valued at $2,869,655,000 after acquiring an additional 5,777,901 shares during the period. Panagora Asset Management Inc. increased its holdings in shares of Hewlett Packard Enterprise by 336.7% in the 2nd quarter. Panagora Asset Management Inc. now owns 4,269,603 shares of the technology company's stock valued at $90,387,000 after acquiring an additional 3,291,880 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Hewlett Packard Enterprise in the 1st quarter valued at $51,938,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on HPE. UBS Group boosted their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, September 5th. Morgan Stanley reissued an "equal weight" rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Deutsche Bank Aktiengesellschaft began coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They issued a "hold" rating and a $22.00 price objective on the stock. Barclays raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $20.00 to $24.00 in a research note on Wednesday, September 25th. Finally, Citigroup began coverage on shares of Hewlett Packard Enterprise in a research note on Monday, September 23rd. They issued a "neutral" rating and a $20.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $21.36.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock traded up $0.05 on Thursday, hitting $20.94. The company's stock had a trading volume of 9,550,143 shares, compared to its average volume of 15,727,834. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. 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 firm has a fifty day moving average price of $19.05 and a 200-day moving average price of $18.98. The company has a market capitalization of $27.22 billion, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 3.38 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 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The business had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. During the same period in the previous year, the firm earned $0.35 EPS. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.48%. Hewlett Packard Enterprise's dividend payout ratio is presently 37.96%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 250,000 shares of the company's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $20.73, for a total value of $5,182,500.00. Following the transaction, the chief executive officer now directly owns 1,508,641 shares in the company, valued at approximately $31,274,127.93. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 250,000 shares of the company's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $20.73, for a total value of $5,182,500.00. Following the transaction, the chief executive officer now directly owns 1,508,641 shares in the company, valued at approximately $31,274,127.93. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Neil B. Macdonald sold 29,000 shares of the company's stock in a transaction dated Friday, September 13th. The shares were 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 approximately $1,395,037. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 426,012 shares of company stock worth $8,599,617 in the last three months. Corporate insiders own 0.40% of the company's stock.

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.