Handelsbanken Fonder AB Reduces Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Handelsbanken Fonder AB decreased its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 826,545 shares of the technology company's stock after selling 16,387 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.06% of Hewlett Packard Enterprise worth $12,754,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Essex Financial Services Inc. boosted its position in shares of Hewlett Packard Enterprise by 3.6% during the 4th quarter. Essex Financial Services Inc. now owns 13,396 shares of the technology company's stock valued at $286,000 after acquiring an additional 461 shares during the last quarter. Aviso Financial Inc. boosted its position in shares of Hewlett Packard Enterprise by 0.9% during the 4th quarter. Aviso Financial Inc. now owns 54,060 shares of the technology company's stock valued at $1,154,000 after acquiring an additional 490 shares during the last quarter. Forum Financial Management LP boosted its position in shares of Hewlett Packard Enterprise by 2.2% during the 4th quarter. Forum Financial Management LP now owns 23,639 shares of the technology company's stock valued at $505,000 after acquiring an additional 515 shares during the last quarter. Waterfront Wealth Inc. boosted its position in shares of Hewlett Packard Enterprise by 0.4% during the 4th quarter. Waterfront Wealth Inc. now owns 129,698 shares of the technology company's stock valued at $2,769,000 after acquiring an additional 524 shares during the last quarter. Finally, Huntington National Bank boosted its position in shares of Hewlett Packard Enterprise by 3.1% during the 4th quarter. Huntington National Bank now owns 17,463 shares of the technology company's stock valued at $373,000 after acquiring an additional 529 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HPE. Evercore ISI raised shares of Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $17.00 to $22.00 in a research report on Tuesday, May 20th. Daiwa Capital Markets lowered shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price objective on the stock. in a report on Wednesday, March 12th. Raymond James boosted their price objective on shares of Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company boosted their price objective on shares of Hewlett Packard Enterprise from $17.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. Finally, Barclays boosted their price objective on shares of Hewlett Packard Enterprise from $20.00 to $24.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Eight investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $21.31.

Hewlett Packard Enterprise Stock Down 2.7%

Shares of Hewlett Packard Enterprise stock traded down $0.49 on Friday, reaching $17.64. 13,035,943 shares of the company were exchanged, compared to its average volume of 16,800,565. The stock's 50 day moving average price is $16.63 and its 200-day moving average price is $18.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $24.66. The company has a market cap of $23.15 billion, a P/E ratio of 9.29, a price-to-earnings-growth ratio of 2.03 and a beta of 1.31.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. The firm had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 8.56%. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 earnings per share. As a group, equities analysts forecast that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio is currently 52.53%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.