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

Desjardins Global Asset Management Inc. trimmed its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 40.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 122,140 shares of the technology company’s stock after selling 82,485 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Hewlett Packard Enterprise were worth $2,073,000 at the end of the most recent quarter.

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

Hewlett Packard Enterprise Trading Down 0.7 %

HPE opened at $17.14 on Wednesday. The firm has a market cap of $22.28 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 3.19 and a beta of 1.21. Hewlett Packard Enterprise has a 52 week low of $13.65 and a 52 week high of $20.07. The business’s 50 day moving average is $16.77 and its two-hundred day moving average is $16.40. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 EPS for the quarter, beating 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 firm had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $7.09 billion. During the same quarter in the prior 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. On average, research analysts predict that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio is currently 35.86%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HPE shares. StockNews.com cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Evercore ISI cut their price target on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a research note on Friday, March 1st. Sanford C. Bernstein cut Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $20.00 to $17.00 in a research report on Tuesday, January 16th. Wells Fargo & Company reissued an “equal weight” rating and set a $17.00 target price (down previously from $21.00) on shares of Hewlett Packard Enterprise in a research report on Friday, March 1st. Finally, Morgan Stanley upped their price target on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.73.

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.