Hewlett Packard Enterprise Company (NYSE:HPE) Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 414,262 shares of the technology company’s stock after acquiring an additional 16,824 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Hewlett Packard Enterprise were worth $6,392,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Hewlett Packard Enterprise by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company’s stock valued at $686,011,000 after buying an additional 681,242 shares in the last quarter. Northern Trust Corp boosted its position in shares of Hewlett Packard Enterprise by 24.7% during the 4th quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company’s stock valued at $345,534,000 after purchasing an additional 3,208,424 shares in the last quarter. Slate Path Capital LP grew its stake in shares of Hewlett Packard Enterprise by 44.8% in the 4th quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company’s stock worth $270,914,000 after purchasing an additional 3,924,039 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Hewlett Packard Enterprise by 9.4% in the 4th quarter. First Trust Advisors LP now owns 7,692,175 shares of the technology company’s stock worth $164,228,000 after purchasing an additional 658,117 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Hewlett Packard Enterprise by 32.9% during the first quarter. Allianz Asset Management GmbH now owns 5,677,528 shares of the technology company’s stock valued at $87,604,000 after purchasing an additional 1,406,813 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, July 3rd. KeyCorp initiated coverage on Hewlett Packard Enterprise in a report on Thursday, June 26th. They set a “sector weight” rating for the company. Wall Street Zen upgraded Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. Barclays raised their target price on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, July 3rd. Finally, Loop Capital lifted their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Monday, June 9th. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.67.

Hewlett Packard Enterprise Stock Performance

HPE stock opened at $20.71 on Monday. The firm has a 50 day moving average of $19.04 and a two-hundred day moving average of $18.47. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $24.66. The company has a market capitalization of $27.17 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 2.28 and a beta of 1.35. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The firm had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.51 billion. During the same period in the prior year, the company posted $0.42 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Wednesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio is 52.53%.

Insider Buying and Selling

In related news, EVP Phil Mottram sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the sale, the executive vice president directly owned 42,427 shares in the company, valued at approximately $871,450.58. The trade was a 41.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $18.44, for a total value of $1,264,799.60. The disclosure for this sale can be found here. Insiders sold a total of 128,590 shares of company stock worth $2,436,000 over the last three months. 0.36% of the stock is owned by company insiders.

Hewlett Packard Enterprise Company 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.