Mn Services Vermogensbeheer B.V. Buys 20,800 Shares of Hewlett Packard Enterprise Company $HPE

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Hewlett Packard Enterprise by 4.4%, owning a total of 491,000 shares worth approximately $10 million after acquiring an additional 20,800 shares.
• Securities research firms have raised their price targets for HPE, with Morgan Stanley increasing its rating from "equal weight" to "overweight" and setting a new target price of $28.00.
• Hewlett Packard Enterprise announced a quarterly dividend of $0.13 per share, which will be payable to investors on October 17th, representing a dividend yield of 2.1%.

Mn Services Vermogensbeheer B.V. grew its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 4.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 491,000 shares of the technology company's stock after purchasing an additional 20,800 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Hewlett Packard Enterprise were worth $10,041,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in Hewlett Packard Enterprise by 1.7% in the first quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company's stock worth $2,579,896,000 after acquiring an additional 2,779,446 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of 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 purchasing an additional 2,373,850 shares during the last quarter. Northern Trust Corp raised its holdings in Hewlett Packard Enterprise by 3.4% in the first quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company's stock worth $258,144,000 after purchasing an additional 545,775 shares during the period. National Bank of Canada FI increased its stake in Hewlett Packard Enterprise by 1,369.1% in the 1st quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock valued at $251,192,000 after buying an additional 15,171,314 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Hewlett Packard Enterprise by 45.6% in the 1st quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company's stock valued at $193,078,000 after buying an additional 3,922,516 shares in the last quarter. Institutional investors own 80.78% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HPE shares. Wolfe Research initiated coverage on Hewlett Packard Enterprise in a report on Tuesday, July 8th. They issued a "peer perform" rating for the company. Evercore ISI lifted their price target on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. 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. Raymond James Financial increased their price target on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a "strong-buy" rating in a report on Thursday, September 4th. Finally, Citigroup lifted their price target on Hewlett Packard Enterprise from $25.00 to $26.00 and gave the stock a "buy" rating in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.81.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock traded down $0.25 on Friday, hitting $24.99. The company's stock had a trading volume of 32,894,671 shares, compared to its average volume of 22,789,748. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $25.35. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. The company has a fifty day moving average price of $21.98 and a 200-day moving average price of $18.69. The firm has a market cap of $32.97 billion, a P/E ratio of 30.48, a price-to-earnings-growth ratio of 2.57 and a beta of 1.43.

Hewlett Packard Enterprise Announces Dividend

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

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 68,590 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $18.44, for a total value of $1,264,799.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $22.52, for a total value of $3,753,318.32. Following the sale, the chief executive officer directly owned 1,919,060 shares of the company's stock, valued at $43,217,231.20. This represents a 7.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 668,590 shares of company stock valued at $15,265,033 in the last ninety days. Corporate insiders own 0.36% of the company's stock.

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.