Ilmarinen Mutual Pension Insurance Co Invests $3.32 Million in Hewlett Packard Enterprise Company $HPE

Key Points

• Ilmarinen Mutual Pension Insurance Co has invested approximately $3.32 million in Hewlett Packard Enterprise by purchasing 215,000 shares in the first quarter.
• Executive Vice President Phil Mottram sold 30,000 shares of HPE stock, resulting in a 41.42% decrease in his position.
• Several analysts have recently raised their price targets for HPE, with Bank of America adjusting it from $24.00 to $25.00 and Morgan Stanley upgrading it to $28.00.

Ilmarinen Mutual Pension Insurance Co purchased a new stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 215,000 shares of the technology company's stock, valued at approximately $3,317,000.

A number of other institutional investors have also recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Hewlett Packard Enterprise by 15.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,584,742 shares of the technology company's stock valued at $271,333,000 after buying an additional 2,373,850 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Hewlett Packard Enterprise by 317.3% during the first quarter. Empowered Funds LLC now owns 149,810 shares of the technology company's stock valued at $2,312,000 after acquiring an additional 113,906 shares during the period. MBB Public Markets I LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 1st quarter valued at approximately $299,000. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Hewlett Packard Enterprise by 8.9% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 51,721 shares of the technology company's stock valued at $798,000 after acquiring an additional 4,222 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its stake in Hewlett Packard Enterprise by 2.5% in the 1st quarter. Great Lakes Advisors LLC now owns 203,179 shares of the technology company's stock worth $3,135,000 after purchasing an additional 5,046 shares during the period. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insider Activity

In related news, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, June 30th. The shares were 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 owned 42,427 shares of the company's stock, 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 accessible through this link. Also, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $18.44, for a total transaction of $1,264,799.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 461,924 shares of company stock worth $10,110,183. 0.36% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Trading Up 2.4%

NYSE:HPE opened at $24.46 on Thursday. The company has a market capitalization of $32.27 billion, a P/E ratio of 29.82, a P/E/G ratio of 2.46 and a beta of 1.43. The stock's 50 day moving average price is $21.45 and its 200 day moving average price is $18.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $24.68.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, September 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.1%. Hewlett Packard Enterprise's dividend payout ratio is 63.41%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Bank of America raised their target price on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. Morgan Stanley upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $22.00 to $28.00 in a research report on Thursday, August 21st. Deutsche Bank Aktiengesellschaft upped their target price on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Wells Fargo & Company raised their price target on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an "equal weight" rating in a report on Thursday, September 4th. Finally, Barclays boosted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $24.87.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.