Swedbank AB Trims Stake in Hewlett Packard Enterprise (NYSE:HPE)

Swedbank AB lessened its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 19.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 947,730 shares of the technology company’s stock after selling 234,969 shares during the period. Swedbank AB owned 0.07% of Hewlett Packard Enterprise worth $20,234,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new stake in Hewlett Packard Enterprise in the third quarter valued at approximately $26,000. Financial Management Professionals Inc. grew its stake in Hewlett Packard Enterprise by 80.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after buying an additional 637 shares in the last quarter. Rise Advisors LLC increased its holdings in shares of Hewlett Packard Enterprise by 45.5% in the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock worth $41,000 after buying an additional 625 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at $45,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Down 0.1 %

Shares of NYSE HPE opened at $21.17 on Friday. The firm has a fifty day simple moving average of $22.12 and a two-hundred day simple moving average of $20.45. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $27.85 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 2.01 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.46%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.37%.

Analysts Set New Price Targets

A number of research analysts recently commented on HPE shares. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Thursday, December 19th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Barclays lifted their price objective on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Insider Buying and Selling

In other news, EVP John F. Schultz sold 262,818 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value of $5,682,125.16. Following the transaction, the executive vice president now owns 270,430 shares in the company, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gary M. Reiner sold 50,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $23.47, for a total value of $1,173,500.00. Following the sale, the director now owns 104,192 shares in the company, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 332,166 shares of company stock valued at $7,300,629 over the last ninety days. Company insiders own 0.40% of the company’s stock.

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.