Robeco Institutional Asset Management B.V. Sells 17,910 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Robeco Institutional Asset Management B.V. reduced its position in Hewlett Packard Enterprise (NYSE:HPE) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,052,791 shares of the technology company’s stock after selling 17,910 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.16% of Hewlett Packard Enterprise worth $42,000,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. boosted its position in shares of Hewlett Packard Enterprise by 14,953.2% during the 2nd quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company’s stock valued at $490,925,000 after acquiring an additional 23,035,594 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Hewlett Packard Enterprise by 3,228.2% in the 2nd quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company’s stock valued at $186,831,000 after purchasing an additional 8,560,086 shares during the period. Vanguard Group Inc. raised its holdings in shares of Hewlett Packard Enterprise by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock worth $2,869,655,000 after buying an additional 5,777,901 shares in the last quarter. Panagora Asset Management Inc. grew its position in Hewlett Packard Enterprise by 336.7% in the second quarter. Panagora Asset Management Inc. now owns 4,269,603 shares of the technology company’s stock valued at $90,387,000 after acquiring an additional 3,291,880 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Hewlett Packard Enterprise during the first quarter worth $51,938,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HPE. Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a research report on Monday, September 23rd. They issued a “neutral” rating and a $20.00 price target on the stock. Loop Capital increased their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. Susquehanna reiterated a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. UBS Group increased their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Finally, Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $21.46.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $20.00 on Wednesday. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. 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 capitalization of $25.97 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 3.45 and a beta of 1.19. The firm has a fifty day moving average of $19.41 and a two-hundred day moving average of $19.20.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 earnings per share. As a group, equities research analysts predict that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.60%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.14%.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the sale, the executive vice president now owns 82,061 shares in the company, valued at $1,395,037. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 250,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $20.73, for a total value of $5,182,500.00. Following the transaction, the chief executive officer now owns 1,508,641 shares of the company’s stock, valued at approximately $31,274,127.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the sale, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at $1,395,037. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 426,012 shares of company stock valued at $8,599,617 over the last three months. 0.40% of the stock is currently owned by corporate insiders.

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.