Mn Services Vermogensbeheer B.V. Decreases Stock Position in Hewlett Packard Enterprise Company (NYSE:HPE)

Mn Services Vermogensbeheer B.V. lessened its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 7.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 470,200 shares of the technology company's stock after selling 36,600 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Hewlett Packard Enterprise were worth $7,255,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the business. Brighton Jones LLC acquired a new stake in Hewlett Packard Enterprise in the 1st quarter valued at $319,000. Exchange Traded Concepts LLC grew its holdings in shares of Hewlett Packard Enterprise by 21.2% during the first quarter. Exchange Traded Concepts LLC now owns 14,108 shares of the technology company's stock valued at $218,000 after buying an additional 2,466 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Hewlett Packard Enterprise by 8.3% during the first quarter. Sound Income Strategies LLC now owns 14,136 shares of the technology company's stock valued at $218,000 after buying an additional 1,085 shares during the last quarter. Ritholtz Wealth Management grew its holdings in shares of Hewlett Packard Enterprise by 17.1% during the first quarter. Ritholtz Wealth Management now owns 94,781 shares of the technology company's stock valued at $1,462,000 after buying an additional 13,807 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in Hewlett Packard Enterprise during the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 80.78% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Loop Capital lifted their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research report on Monday, June 9th. Daiwa Capital Markets downgraded 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 Financial lifted their price objective on shares of Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a report on Wednesday, June 4th. Morgan Stanley boosted their price target on shares of Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 20th. Finally, Bank of America cut their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Eight investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and a consensus target price of $21.31.

Insider Activity

In other Hewlett Packard Enterprise news, Director Bethany Mayer sold 6,409 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Performance

HPE traded down $0.11 during midday trading on Wednesday, reaching $17.79. The company had a trading volume of 18,677,139 shares, compared to its average volume of 16,655,426. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $24.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29. The business has a 50-day moving average price of $16.81 and a two-hundred day moving average price of $18.85. The stock has a market cap of $23.35 billion, a PE ratio of 17.97, a P/E/G ratio of 2.62 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 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. The company had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. Hewlett Packard Enterprise's 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 EPS. On average, sell-side analysts expect that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors 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 2.92%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio is currently 52.53%.

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.