Ontario Teachers Pension Plan Board Cuts Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Ontario Teachers Pension Plan Board lowered its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 85.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,799 shares of the technology company's stock after selling 71,682 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Hewlett Packard Enterprise were worth $241,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HPE. Valley Wealth Managers Inc. bought a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at about $26,000. Hazlett Burt & Watson Inc. lifted its holdings in Hewlett Packard Enterprise by 571.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company's stock valued at $28,000 after buying an additional 1,143 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at about $28,000. Financial Management Professionals Inc. lifted its holdings in Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock valued at $29,000 after buying an additional 637 shares in the last quarter. Finally, ORG Partners LLC lifted its holdings in Hewlett Packard Enterprise by 224.5% during the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company's stock valued at $39,000 after buying an additional 1,282 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on HPE. Deutsche Bank Aktiengesellschaft began coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 9th. They set a "hold" rating and a $22.00 price objective for the company. UBS Group raised their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, September 5th. Citigroup raised their target price on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the company a "neutral" rating in a research report on Tuesday. Barclays raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $20.00 to $24.00 in a research report on Wednesday, September 25th. Finally, Bank of America raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and raised their target price for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $22.21.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE traded up $0.36 during trading hours on Friday, hitting $22.10. 8,865,765 shares of the company were exchanged, compared to its average volume of 11,014,030. The stock has a market capitalization of $28.70 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 3.40 and a beta of 1.19. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. The company's 50 day moving average price is $20.35 and its 200-day moving average price is $19.60.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $7.67 billion. During the same period in the previous year, the business posted $0.35 EPS. The business's quarterly revenue was up 10.1% compared to the same quarter last year. As a group, research analysts forecast that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

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

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, 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 completion of the transaction, the senior vice president now directly owns 7,771 shares in the company, valued at $163,191. The trade was a 50.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Neil B. Macdonald sold 29,000 shares of the business's stock in a transaction on 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 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 ninety days, insiders sold 426,012 shares of company stock worth $8,599,617. Company insiders own 0.40% of the company's stock.

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.