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

Penserra Capital Management LLC increased its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 43.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 798,878 shares of the technology company's stock after buying an additional 240,555 shares during the period. Penserra Capital Management LLC owned 0.06% of Hewlett Packard Enterprise worth $12,324,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Minneapolis Portfolio Management Group LLC increased its position in shares of Hewlett Packard Enterprise by 1.0% during the first quarter. Minneapolis Portfolio Management Group LLC now owns 718,338 shares of the technology company's stock worth $11,084,000 after acquiring an additional 6,936 shares in the last quarter. Sharp Financial Services LLC grew its position in shares of Hewlett Packard Enterprise by 48.9% during the 1st quarter. Sharp Financial Services LLC now owns 15,785 shares of the technology company's stock valued at $244,000 after acquiring an additional 5,185 shares during the period. HM Payson & Co. grew its position in shares of Hewlett Packard Enterprise by 15.6% during the 1st quarter. HM Payson & Co. now owns 8,088 shares of the technology company's stock valued at $125,000 after acquiring an additional 1,094 shares during the period. World Investment Advisors grew its position in shares of Hewlett Packard Enterprise by 5.7% during the 1st quarter. World Investment Advisors now owns 29,376 shares of the technology company's stock valued at $453,000 after acquiring an additional 1,591 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. lifted its stake in shares of Hewlett Packard Enterprise by 8.1% during the 1st quarter. Generali Investments CEE investicni spolecnost a.s. now owns 240,000 shares of the technology company's stock valued at $3,703,000 after buying an additional 18,000 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Stock Up 2.3%

HPE traded up $0.47 on Thursday, hitting $21.27. The company had a trading volume of 34,641,332 shares, compared to its average volume of 16,967,408. The stock has a fifty day simple moving average of $18.18 and a 200-day simple moving average of $18.62. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $24.66. The firm has a market capitalization of $27.91 billion, a P/E ratio of 21.48, a P/E/G ratio of 3.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same period last year, the business earned $0.42 earnings per share. The business's revenue 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 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Insider Buying and Selling

In other news, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the sale, the executive vice president directly owned 42,427 shares of the company's stock, valued at approximately $871,450.58. The trade was a 41.42% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,590 shares of company stock valued at $2,436,000. 0.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Wells Fargo & Company upped 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 research note on Thursday, July 3rd. Morgan Stanley increased their target price on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 20th. KeyCorp began coverage on Hewlett Packard Enterprise in a research note on Thursday, June 26th. They issued a "sector weight" rating on the stock. Evercore ISI raised Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $17.00 to $22.00 in a research note on Tuesday, May 20th. Finally, Bank of America raised their price objective on Hewlett Packard Enterprise from $20.00 to $23.00 and gave the company a "buy" rating in a research note on Monday, June 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $21.85.

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.