Robeco Institutional Asset Management B.V. Boosts Holdings in Hewlett Packard Enterprise Co (NYSE:HPE)

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 49.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,166,088 shares of the technology company’s stock after buying an additional 1,376,951 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.32% of Hewlett Packard Enterprise worth $63,200,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC grew its holdings in Hewlett Packard Enterprise by 857.0% during the second quarter. Nuveen Asset Management LLC now owns 8,074,542 shares of the technology company’s stock valued at $120,714,000 after purchasing an additional 7,230,805 shares during the period. BlackRock Inc. raised its position in Hewlett Packard Enterprise by 7.7% during the second quarter. BlackRock Inc. now owns 98,230,773 shares of the technology company’s stock valued at $1,468,550,000 after purchasing an additional 7,054,145 shares in the last quarter. Man Group plc raised its position in Hewlett Packard Enterprise by 929.0% during the second quarter. Man Group plc now owns 2,728,421 shares of the technology company’s stock valued at $40,790,000 after purchasing an additional 2,463,262 shares in the last quarter. Invesco Ltd. raised its position in Hewlett Packard Enterprise by 24.7% during the second quarter. Invesco Ltd. now owns 12,041,146 shares of the technology company’s stock valued at $180,014,000 after purchasing an additional 2,383,889 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Hewlett Packard Enterprise by 2.0% in the second quarter. Vanguard Group Inc. now owns 111,920,044 shares of the technology company’s stock worth $1,673,205,000 after buying an additional 2,145,947 shares during the period. Hedge funds and other institutional investors own 81.57% of the company’s stock.

HPE has been the topic of several analyst reports. Loop Capital decreased their price objective on Hewlett Packard Enterprise to $19.00 and set a “buy” rating on the stock in a report on Wednesday, August 28th. Maxim Group decreased their price objective on Hewlett Packard Enterprise from $17.00 to $15.00 and set a “hold” rating on the stock in a report on Wednesday, August 28th. Daiwa Capital Markets set a $14.00 price target on Hewlett Packard Enterprise and gave the company a “hold” rating in a report on Thursday, August 29th. ValuEngine upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “sell” rating in a report on Monday, November 4th. Finally, Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Wednesday, October 16th. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $15.82.

In other news, SVP Jeff T. Ricci sold 20,457 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $17.01, for a total transaction of $347,973.57. Following the transaction, the senior vice president now directly owns 20,457 shares in the company, valued at $347,973.57. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Antonio F. Neri sold 49,635 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $15.19, for a total transaction of $753,955.65. Following the transaction, the chief executive officer now owns 29,602 shares in the company, valued at $449,654.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 519,526 shares of company stock valued at $8,284,389. 0.56% of the stock is owned by insiders.

Shares of NYSE:HPE traded up $0.25 during midday trading on Friday, hitting $17.43. The company had a trading volume of 5,848,045 shares, compared to its average volume of 9,988,734. The company has a market cap of $21.97 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.24 and a beta of 1.61. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.88 and a quick ratio of 0.75. The company has a fifty day moving average of $15.34 and a two-hundred day moving average of $14.69. Hewlett Packard Enterprise Co has a 12-month low of $12.09 and a 12-month high of $17.44.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, August 27th. The technology company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.05. Hewlett Packard Enterprise had a negative net margin of 0.63% and a positive return on equity of 12.92%. The company had revenue of $7.22 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the firm posted $0.44 EPS. Hewlett Packard Enterprise’s quarterly revenue was down 7.0% compared to the same quarter last year. Research analysts expect that Hewlett Packard Enterprise Co will post 1.74 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be issued a $0.12 dividend. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, December 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.75%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 28.85%.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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