Penserra Capital Management LLC increased its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE – Free Report) by 44.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,580,922 shares of the technology company’s stock after purchasing an additional 485,547 shares during the quarter. Penserra Capital Management LLC owned 0.12% of Hewlett Packard Enterprise worth $38,825,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Hewlett Packard Enterprise by 1.6% during the second quarter. Vanguard Group Inc. now owns 169,804,055 shares of the technology company’s stock worth $3,472,493,000 after buying an additional 2,604,059 shares in the last quarter. Geode Capital Management LLC lifted its stake in Hewlett Packard Enterprise by 2.2% in the second quarter. Geode Capital Management LLC now owns 34,421,976 shares of the technology company’s stock worth $701,864,000 after acquiring an additional 724,974 shares during the last quarter. Elliott Investment Management L.P. acquired a new position in Hewlett Packard Enterprise during the 2nd quarter worth approximately $381,004,000. Slate Path Capital LP increased its position in shares of Hewlett Packard Enterprise by 36.2% in the 2nd quarter. Slate Path Capital LP now owns 15,896,242 shares of the technology company’s stock valued at $325,078,000 after purchasing an additional 4,221,678 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of Hewlett Packard Enterprise by 192.4% in the 2nd quarter. Schroder Investment Management Group now owns 10,599,242 shares of the technology company’s stock valued at $216,754,000 after purchasing an additional 6,974,083 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.
Hewlett Packard Enterprise Price Performance
Shares of NYSE:HPE opened at $21.78 on Wednesday. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $26.44. The stock has a market capitalization of $29.06 billion, a price-to-earnings ratio of -362.92, a PEG ratio of 0.60 and a beta of 1.33. The company has a 50-day simple moving average of $22.88 and a 200-day simple moving average of $22.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.01.
Hewlett Packard Enterprise Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, December 19th were issued a dividend of $0.1425 per share. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. This represents a $0.57 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, December 19th. Hewlett Packard Enterprise’s dividend payout ratio is -950.00%.
Insider Transactions at Hewlett Packard Enterprise
In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 50,061 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $23.70, for a total value of $1,186,445.70. Following the transaction, the senior vice president directly owned 26,905 shares of the company’s stock, valued at approximately $637,648.50. The trade was a 65.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John F. Schultz sold 148,501 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $24.99, for a total transaction of $3,711,039.99. Following the transaction, the executive vice president owned 248,091 shares of the company’s stock, valued at approximately $6,199,794.09. The trade was a 37.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 585,537 shares of company stock worth $14,255,864 over the last quarter. 0.36% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on HPE shares. Barclays raised their price target on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. UBS Group raised their target price on Hewlett Packard Enterprise from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. The Goldman Sachs Group started coverage on Hewlett Packard Enterprise in a research note on Tuesday, January 13th. They set a “buy” rating and a $31.00 target price for the company. Zacks Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a research report on Friday, December 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus price target of $25.53.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.
A major focus for HPE is hybrid cloud and consumption-based IT.
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