Penserra Capital Management LLC Sells 490,336 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Penserra Capital Management LLC lessened its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 71.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 200,017 shares of the technology company's stock after selling 490,336 shares during the period. Penserra Capital Management LLC's holdings in Hewlett Packard Enterprise were worth $4,092,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HPE. WESPAC Advisors LLC acquired a new stake in Hewlett Packard Enterprise in the third quarter valued at approximately $635,000. Pitcairn Co. boosted its holdings in shares of Hewlett Packard Enterprise by 130.0% during the 3rd quarter. Pitcairn Co. now owns 101,072 shares of the technology company's stock valued at $2,068,000 after acquiring an additional 57,135 shares in the last quarter. Cerity Partners LLC grew its position in Hewlett Packard Enterprise by 104.7% during the 3rd quarter. Cerity Partners LLC now owns 302,202 shares of the technology company's stock worth $6,184,000 after acquiring an additional 154,563 shares during the last quarter. Raymond James Trust N.A. increased its holdings in Hewlett Packard Enterprise by 387.0% in the 3rd quarter. Raymond James Trust N.A. now owns 94,346 shares of the technology company's stock worth $1,930,000 after purchasing an additional 74,973 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its stake in shares of Hewlett Packard Enterprise by 3,537.0% during the third quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company's stock valued at $127,571,000 after purchasing an additional 5,629,006 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Up 1.4 %

NYSE:HPE traded up $0.30 during trading hours on Monday, reaching $22.40. The company had a trading volume of 1,395,731 shares, compared to its average volume of 15,122,563. The business's 50-day simple moving average is $20.35 and its two-hundred day simple moving average is $19.63. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82. The firm has a market cap of $29.09 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 3.45 and a beta of 1.19. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $7.67 billion. During the same period in the previous year, the company posted $0.35 EPS. The firm's revenue was up 10.1% compared to the same quarter last year. On average, equities analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

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 $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 37.14%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HPE. Bank of America upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and raised their price objective for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. 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. Citigroup lifted their target price on Hewlett Packard Enterprise from $20.00 to $23.00 and gave the stock a "neutral" rating in a report on Tuesday, November 19th. Susquehanna restated a "neutral" rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Finally, Loop Capital upped their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a report on Monday, September 9th. Nine equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise has an average rating of "Hold" and an average target price of $22.21.

Insider Activity

In other news, EVP Neil B. Macdonald sold 29,000 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the sale, the executive vice president now owns 82,061 shares in the company, valued at $1,395,037. This represents a 26.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of the firm's stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the transaction, the chief executive officer now directly owns 1,758,641 shares in the company, valued at $34,680,400.52. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 426,012 shares of company stock worth $8,599,617 over the last three months. 0.40% of the stock is currently owned by insiders.

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.