Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. cut its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 40.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,140 shares of the technology company's stock after selling 82,485 shares during the quarter. Desjardins Global Asset Management Inc.'s holdings in Hewlett Packard Enterprise were worth $2,073,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Mackenzie Financial Corp boosted its stake in Hewlett Packard Enterprise by 17.4% in the 4th quarter. Mackenzie Financial Corp now owns 1,562,640 shares of the technology company's stock valued at $26,534,000 after purchasing an additional 232,150 shares during the period. Beverly Hills Private Wealth LLC bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $223,000. Vontobel Holding Ltd. grew its stake in shares of Hewlett Packard Enterprise by 1.7% in the fourth quarter. Vontobel Holding Ltd. now owns 1,571,440 shares of the technology company's stock valued at $26,683,000 after acquiring an additional 25,709 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Hewlett Packard Enterprise by 6.0% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,659,265 shares of the technology company's stock valued at $62,134,000 after acquiring an additional 205,869 shares in the last quarter. Finally, UG Investment Advisers Ltd. increased its position in Hewlett Packard Enterprise by 2,719.3% during the fourth quarter. UG Investment Advisers Ltd. now owns 800,926 shares of the technology company's stock worth $13,600,000 after acquiring an additional 772,517 shares during the period. Institutional investors and hedge funds own 80.78% of the company's stock.

Hewlett Packard Enterprise Price Performance

HPE stock traded down $0.11 during trading on Wednesday, reaching $17.03. 11,253,744 shares of the company were exchanged, compared to its average volume of 15,328,509. The company has a market capitalization of $22.14 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 3.19 and a beta of 1.21. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.63. The company has a 50-day moving average of $16.77 and a two-hundred day moving average of $16.40. Hewlett Packard Enterprise has a twelve month low of $13.65 and a twelve month high of $20.07.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The company had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $7.09 billion. During the same period last year, the firm earned $0.38 EPS. Hewlett Packard Enterprise's revenue for the quarter was down 13.5% on a year-over-year basis. As a group, equities analysts predict that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise's dividend payout ratio is currently 35.86%.

Analyst Ratings Changes

HPE has been the topic of several recent research reports. Sanford C. Bernstein cut shares of Hewlett Packard Enterprise from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $20.00 to $17.00 in a report on Tuesday, January 16th. Wells Fargo & Company increased their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an "equal weight" rating in a report on Wednesday. Barclays decreased their price target on Hewlett Packard Enterprise from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Friday, March 1st. Evercore ISI cut their price objective on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an "in-line" rating for the company in a research report on Friday, March 1st. Finally, Stifel Nicolaus decreased their target price on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Friday, March 1st. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $17.91.

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.