Skandinaviska Enskilda Banken AB publ raised its stake in shares of Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 22.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,592,806 shares of the technology company’s stock after acquiring an additional 467,204 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.20% of Hewlett Packard Enterprise worth $41,304,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Hewlett Packard Enterprise by 31.2% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 9,191 shares of the technology company’s stock worth $146,000 after buying an additional 2,187 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its stake in shares of Hewlett Packard Enterprise by 6.6% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 24,941 shares of the technology company’s stock worth $397,000 after buying an additional 1,540 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of Hewlett Packard Enterprise by 1.4% during the 1st quarter. Intech Investment Management LLC now owns 2,476,003 shares of the technology company’s stock worth $39,443,000 after buying an additional 34,740 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of Hewlett Packard Enterprise during the 1st quarter worth approximately $724,000. Finally, Ascent Group LLC raised its stake in shares of Hewlett Packard Enterprise by 6.8% during the 1st quarter. Ascent Group LLC now owns 24,683 shares of the technology company’s stock worth $393,000 after buying an additional 1,576 shares in the last quarter. 81.69% of the stock is owned by hedge funds and other institutional investors.
Hewlett Packard Enterprise Price Performance
NYSE:HPE traded up $0.03 during trading hours on Friday, reaching $17.00. 8,832,857 shares of the company traded hands, compared to its average volume of 11,607,026. The firm’s 50-day moving average is $17.11 and its 200-day moving average is $15.83. The stock has a market cap of $21.96 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.64 and a beta of 1.26. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.87 and a quick ratio of 0.65. Hewlett Packard Enterprise has a 1-year low of $11.90 and a 1-year high of $18.14.
Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) last posted its quarterly earnings data on Tuesday, May 30th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. Hewlett Packard Enterprise had a return on equity of 5.05% and a net margin of 3.46%. The business had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $7.30 billion. During the same quarter last year, the firm earned $0.19 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. Equities research analysts expect that Hewlett Packard Enterprise will post 1.36 earnings per share for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 15th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend was Wednesday, June 14th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 61.54%.
Analyst Upgrades and Downgrades
HPE has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on Hewlett Packard Enterprise from $16.00 to $15.00 in a research note on Wednesday, May 31st. Barclays lowered their price target on Hewlett Packard Enterprise from $18.00 to $16.00 in a report on Wednesday, May 31st. Citigroup assumed coverage on Hewlett Packard Enterprise in a report on Thursday, June 29th. They issued a “neutral” rating and a $18.00 price target on the stock. Bank of America upped their price target on Hewlett Packard Enterprise from $17.00 to $18.00 in a report on Wednesday, June 21st. Finally, StockNews.com assumed coverage on Hewlett Packard Enterprise in a report on Thursday. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $16.73.
View Our Latest Analysis on Hewlett Packard Enterprise
Insider Transactions at Hewlett Packard Enterprise
In other news, EVP John F. Schultz sold 226,078 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $16.01, for a total transaction of $3,619,508.78. Following the sale, the executive vice president now owns 224,491 shares in the company, valued at $3,594,100.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Jeremy Cox sold 9,161 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $17.00, for a total value of $155,737.00. Following the transaction, the senior vice president now directly owns 615 shares of the company’s stock, valued at approximately $10,455. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John F. Schultz sold 226,078 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $16.01, for a total value of $3,619,508.78. Following the completion of the transaction, the executive vice president now directly owns 224,491 shares in the company, valued at $3,594,100.91. The disclosure for this sale can be found here. Insiders have sold 454,635 shares of company stock worth $7,327,919 over the last quarter. 0.53% of the stock is currently owned by 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.
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