Hewlett Packard Enterprise Company (NYSE:HPE) Stock Position Increased by Penserra Capital Management LLC

Penserra Capital Management LLC lifted its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 43.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 798,878 shares of the technology company's stock after acquiring an additional 240,555 shares during the period. Penserra Capital Management LLC owned approximately 0.06% of Hewlett Packard Enterprise worth $12,324,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Geode Capital Management LLC increased its position in shares of Hewlett Packard Enterprise by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company's stock worth $686,011,000 after acquiring an additional 681,242 shares in the last quarter. Northern Trust Corp increased its position in shares of Hewlett Packard Enterprise by 24.7% in the fourth quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock worth $345,534,000 after acquiring an additional 3,208,424 shares in the last quarter. Boston Partners grew its holdings in Hewlett Packard Enterprise by 19.1% during the 4th quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock valued at $276,075,000 after purchasing an additional 2,058,562 shares in the last quarter. Slate Path Capital LP grew its holdings in Hewlett Packard Enterprise by 44.8% during the 4th quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock valued at $270,914,000 after purchasing an additional 3,924,039 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in Hewlett Packard Enterprise by 9.4% during the 4th quarter. First Trust Advisors LP now owns 7,692,175 shares of the technology company's stock valued at $164,228,000 after purchasing an additional 658,117 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HPE shares. Loop Capital raised their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a report on Monday, June 9th. Barclays raised their price target on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Wells Fargo & Company raised their price target on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an "equal weight" rating in a report on Thursday, July 3rd. Evercore ISI raised shares of Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and raised their price target for the company from $17.00 to $22.00 in a report on Tuesday, May 20th. Finally, Daiwa America lowered shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $21.85.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $20.54, for a total value of $616,200.00. Following the sale, the executive vice president directly owned 42,427 shares in the company, valued at $871,450.58. This trade represents a 41.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jeremy Cox sold 68,590 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,590 shares of company stock worth $2,436,000. Insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Down 0.1%

NYSE HPE traded down $0.02 during trading hours on Wednesday, reaching $20.80. 5,174,386 shares of the company traded hands, compared to its average volume of 16,842,285. The company has a 50 day moving average of $18.09 and a two-hundred day moving average of $18.60. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $24.66. The stock has a market capitalization of $27.29 billion, a PE ratio of 21.01, a PEG ratio of 3.02 and a beta of 1.35.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.51 billion. During the same period last year, the firm posted $0.42 EPS. The company's revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities analysts expect that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be given a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.50%. Hewlett Packard Enterprise's payout ratio is currently 52.53%.

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.