Penserra Capital Management LLC Lowers Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Penserra Capital Management LLC lessened its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 71.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,017 shares of the technology company’s stock after selling 490,336 shares during the quarter. Penserra Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $4,092,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. 1832 Asset Management L.P. lifted its stake in shares of Hewlett Packard Enterprise by 10.6% in the 1st quarter. 1832 Asset Management L.P. now owns 146,380 shares of the technology company’s stock worth $2,595,000 after acquiring an additional 14,021 shares during the period. BOKF NA boosted its holdings in Hewlett Packard Enterprise by 23.8% in the 1st quarter. BOKF NA now owns 4,673 shares of the technology company’s stock valued at $84,000 after purchasing an additional 898 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Hewlett Packard Enterprise by 20.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,067,721 shares of the technology company’s stock valued at $36,662,000 after purchasing an additional 347,067 shares in the last quarter. Caxton Associates LP increased its position in Hewlett Packard Enterprise by 284.3% during the 1st quarter. Caxton Associates LP now owns 72,878 shares of the technology company’s stock worth $1,292,000 after purchasing an additional 53,915 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new position in shares of Hewlett Packard Enterprise during the 1st quarter worth approximately $1,684,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price target on the stock. Loop Capital upped their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price target for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Susquehanna reissued a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Finally, Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $23.00 to $29.00 in a report on Monday, November 18th. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus price target of $22.21.

Hewlett Packard Enterprise Price Performance

HPE opened at $22.10 on Monday. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. The company’s 50 day simple moving average is $20.35 and its 200 day simple moving average is $19.63. The stock has a market capitalization of $28.70 billion, a PE ratio of 15.79, a P/E/G ratio of 3.40 and a beta of 1.19. 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 (NYSE:HPE) last announced its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share (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 company 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 company earned $0.35 EPS. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, sell-side analysts expect that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

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

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the transaction, the executive vice president now owns 82,061 shares in the company, valued at $1,395,037. The trade was a 26.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jeremy Cox sold 7,770 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 7,771 shares of the company’s stock, valued at approximately $163,191. This trade represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 426,012 shares of company stock valued at $8,599,617 over the last ninety days. 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.