Ontario Teachers Pension Plan Board Grows Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Ontario Teachers Pension Plan Board grew its stake in Hewlett Packard Enterprise (NYSE:HPE) by 23.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,333 shares of the technology company’s stock after buying an additional 11,175 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Hewlett Packard Enterprise were worth $990,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Hewlett Packard Enterprise by 7.6% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 9,391 shares of the technology company’s stock valued at $159,000 after purchasing an additional 666 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 3.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 23,822 shares of the technology company’s stock valued at $405,000 after purchasing an additional 693 shares in the last quarter. Montgomery Investment Management Inc. boosted its stake in shares of Hewlett Packard Enterprise by 2.9% in the 4th quarter. Montgomery Investment Management Inc. now owns 24,950 shares of the technology company’s stock valued at $424,000 after purchasing an additional 700 shares in the last quarter. IMPACTfolio LLC boosted its stake in shares of Hewlett Packard Enterprise by 5.3% in the 4th quarter. IMPACTfolio LLC now owns 13,963 shares of the technology company’s stock valued at $237,000 after purchasing an additional 705 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its stake in shares of Hewlett Packard Enterprise by 0.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 152,282 shares of the technology company’s stock valued at $2,645,000 after purchasing an additional 754 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Up 0.9 %

Shares of NYSE HPE opened at $18.41 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. Hewlett Packard Enterprise has a 12 month low of $13.79 and a 12 month high of $20.07. The firm has a market capitalization of $23.93 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 3.41 and a beta of 1.20. The firm has a fifty day simple moving average of $17.43 and a two-hundred day simple moving average of $16.62.

Hewlett Packard Enterprise (NYSE:HPE) last issued 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 business had revenue of $6.76 billion during the quarter, compared to analyst estimates of $7.09 billion. During the same period in the prior year, the business earned $0.38 EPS. The company’s revenue for the quarter was down 13.5% on a year-over-year basis. Equities analysts expect that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.52 annualized dividend and a dividend yield of 2.82%. Hewlett Packard Enterprise’s payout ratio is 35.86%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Wells Fargo & Company increased their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. Stifel Nicolaus dropped their price target on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, March 1st. Barclays dropped their price target on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. Finally, Evercore ISI dropped their price target 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. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.91.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 18,323 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total value of $310,758.08. Following the completion of the transaction, the senior vice president now directly owns 15,541 shares in the company, valued at approximately $263,575.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by company 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.