Hsbc Holdings PLC Sells 981,364 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Hsbc Holdings PLC lowered its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,800,865 shares of the technology company's stock after selling 981,364 shares during the quarter. Hsbc Holdings PLC owned approximately 0.67% of Hewlett Packard Enterprise worth $187,860,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth $292,959,000. Norges Bank acquired a new stake in Hewlett Packard Enterprise in the 4th quarter worth approximately $119,067,000. Renaissance Technologies LLC lifted its position in Hewlett Packard Enterprise by 330.8% during the 4th quarter. Renaissance Technologies LLC now owns 2,842,600 shares of the technology company's stock worth $60,690,000 after acquiring an additional 2,182,800 shares during the last quarter. Boston Partners lifted its holdings in shares of Hewlett Packard Enterprise by 19.1% during the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock worth $276,075,000 after buying an additional 2,058,562 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in Hewlett Packard Enterprise by 35.1% during the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock valued at $155,142,000 after acquiring an additional 1,885,559 shares during the period. Institutional investors and hedge funds own 80.78% of the company's stock.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of recent research reports. Susquehanna decreased their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. StockNews.com lowered shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Daiwa America cut Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Loop Capital reduced their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a research report on Monday, March 10th. Finally, Daiwa Capital Markets lowered Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 target price on the stock. in a research report on Wednesday, March 12th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of "Hold" and an average price target of $20.60.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.36% of the stock is owned by insiders.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock traded up $0.07 during midday trading on Monday, reaching $16.31. 4,691,970 shares of the company traded hands, compared to its average volume of 16,890,936. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $24.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The firm's 50 day simple moving average is $16.30 and its two-hundred day simple moving average is $19.71. The firm has a market cap of $21.42 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise's payout ratio is currently 25.37%.

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.