Mn Services Vermogensbeheer B.V. Sells 14,800 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Mn Services Vermogensbeheer B.V. reduced its stake in Hewlett Packard Enterprise (NYSE:HPE) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 510,600 shares of the technology company’s stock after selling 14,800 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Hewlett Packard Enterprise were worth $10,809,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Family Firm Inc. bought a new position in shares of Hewlett Packard Enterprise during the second quarter valued at $64,000. Herold Advisors Inc. bought a new position in Hewlett Packard Enterprise during the 2nd quarter valued at about $211,000. Premier Path Wealth Partners LLC boosted its position in Hewlett Packard Enterprise by 3.5% in the second quarter. Premier Path Wealth Partners LLC now owns 20,986 shares of the technology company’s stock valued at $444,000 after buying an additional 709 shares in the last quarter. New York State Teachers Retirement System grew its stake in Hewlett Packard Enterprise by 3.2% during the second quarter. New York State Teachers Retirement System now owns 1,365,364 shares of the technology company’s stock worth $28,905,000 after buying an additional 42,131 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of Hewlett Packard Enterprise during the second quarter worth approximately $321,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 2.3 %

Shares of Hewlett Packard Enterprise stock traded up $0.44 on Friday, hitting $19.21. 7,959,493 shares of the company’s stock traded hands, compared to its average volume of 15,076,776. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The firm’s 50-day moving average price is $19.88 and its two-hundred day moving average price is $18.24. The stock has a market capitalization of $24.97 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.82 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 earnings per share. On average, research analysts expect that Hewlett Packard Enterprise will post 1.59 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.71%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.96%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HPE shares. Wells Fargo & Company increased their price target on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Bank of America raised their target price on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, June 21st. UBS Group upped their price target on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 5th. Morgan Stanley restated an “equal weight” rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Finally, Stifel Nicolaus upped their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Hold” and an average price target of $21.08.

Insider Transactions at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $19.51, for a total value of $975,500.00. Following the completion of the sale, the director now owns 150,948 shares in the company, valued at approximately $2,944,995.48. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Neil B. Macdonald sold 36,671 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $20.51, for a total value of $752,122.21. Following the completion of the transaction, the executive vice president now directly owns 111,054 shares of the company’s stock, valued at approximately $2,277,717.54. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $19.51, for a total value of $975,500.00. Following the completion of the sale, the director now directly owns 150,948 shares in the company, valued at approximately $2,944,995.48. The disclosure for this sale can be found here. Insiders have sold a total of 140,141 shares of company stock valued at $2,850,108 over the last three months. 0.40% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise 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.