Canada Pension Plan Investment Board Lowers Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Canada Pension Plan Investment Board lessened its stake in Hewlett Packard Enterprise (NYSE:HPE) by 7.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 749,400 shares of the technology company’s stock after selling 62,672 shares during the period. Canada Pension Plan Investment Board owned approximately 0.06% of Hewlett Packard Enterprise worth $15,865,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Nordea Investment Management AB lifted its position in Hewlett Packard Enterprise by 12.3% in the 1st quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock worth $84,166,000 after buying an additional 517,734 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Hewlett Packard Enterprise by 56.1% in the 1st quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock valued at $23,455,000 after purchasing an additional 475,397 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Hewlett Packard Enterprise by 5.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock valued at $68,356,000 after purchasing an additional 196,112 shares during the last quarter. Cetera Investment Advisers raised its position in Hewlett Packard Enterprise by 455.7% in the 1st quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock worth $2,149,000 after purchasing an additional 99,394 shares during the period. Finally, Guidance Capital Inc. bought a new stake in Hewlett Packard Enterprise in the first quarter worth $931,000. Institutional investors own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HPE shares. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Stifel Nicolaus boosted their price objective on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Barclays raised their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 5th. Morgan Stanley reiterated an “equal weight” rating and set a $21.00 price target on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Finally, Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price target for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $21.00.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the transaction, the executive vice president now owns 82,061 shares of the company’s stock, valued at $1,395,037. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $18.84 on Tuesday. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The stock’s 50 day simple moving average is $18.64 and its two-hundred day simple moving average is $18.63. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. The stock has a market cap of $24.49 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 1.97 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. The company had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. As a group, analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.76%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 37.96%.

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.