Lansforsakringar Fondforvaltning AB publ Invests $9.25 Million in Hewlett Packard Enterprise (NYSE:HPE)

Lansforsakringar Fondforvaltning AB publ acquired a new position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 433,124 shares of the technology company's stock, valued at approximately $9,247,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $28,000. Centaurus Financial Inc. raised its stake in shares of Hewlett Packard Enterprise by 103.3% in the fourth quarter. Centaurus Financial Inc. now owns 15,391 shares of the technology company's stock valued at $329,000 after buying an additional 7,819 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $27,528,000. Brooklyn FI LLC bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $5,182,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $249,000. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE traded down $0.40 during midday trading on Friday, hitting $17.25. 26,150,174 shares of the company's stock were exchanged, compared to its average volume of 17,273,697. Hewlett Packard Enterprise has a 12-month low of $11.97 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 company has a market cap of $22.66 billion, a price-to-earnings ratio of 9.08, a PEG ratio of 2.03 and a beta of 1.29. The business's fifty day moving average price is $15.99 and its two-hundred day moving average price is $19.16.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.01%. The ex-dividend date was Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio is currently 25.37%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HPE shares. Barclays lowered their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company decreased their price objective on Hewlett Packard Enterprise from $22.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Friday, March 7th. Wall Street Zen lowered Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Loop Capital decreased their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a research note on Monday, March 10th. Finally, Bank of America decreased their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Nine analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $21.13.

Insiders Place Their Bets

In related 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is 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.