Canada Pension Plan Investment Board Sells 62,672 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Canada Pension Plan Investment Board lessened its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 7.7% during the second quarter, HoldingsChannel.com reports. The fund owned 749,400 shares of the technology company’s stock after selling 62,672 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Hewlett Packard Enterprise were worth $15,865,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Rise Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 253.9% in the first quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,051 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of Hewlett Packard Enterprise by 571.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock worth $28,000 after buying an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Hewlett Packard Enterprise in the second quarter worth $28,000. Johnson Financial Group Inc. purchased a new stake in Hewlett Packard Enterprise during the fourth quarter valued at $35,000. Finally, American National Bank lifted its holdings in Hewlett Packard Enterprise by 89.4% in the first quarter. American National Bank now owns 1,949 shares of the technology company’s stock valued at $35,000 after acquiring an additional 920 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $17.00, for a total value 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $18.84 on Tuesday. The stock has a 50-day moving average price of $18.64 and a 200 day moving average price of $18.63. The stock has a market capitalization of $24.49 billion, a P/E ratio of 13.75, a P/E/G ratio of 1.97 and a beta of 1.19. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.67 billion. During the same quarter last year, the business posted $0.35 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities research analysts forecast that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.76%. The ex-dividend date is Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is currently 37.96%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HPE. Evercore ISI increased their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 5th. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Susquehanna reissued a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, September 6th. Stifel Nicolaus raised their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Finally, Loop Capital lifted their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, September 9th. 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 presently has an average rating of “Hold” and an average price target of $21.00.

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.