Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 4.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 414,262 shares of the technology company's stock after acquiring an additional 16,824 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Hewlett Packard Enterprise were worth $6,392,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Putney Financial Group LLC purchased a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth about $25,000. Hara Capital LLC purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $28,000. Ameriflex Group Inc. bought a new position in Hewlett Packard Enterprise in the fourth quarter worth approximately $31,000. Alpine Bank Wealth Management acquired a new stake in Hewlett Packard Enterprise in the 1st quarter worth approximately $25,000. Finally, Bruce G. Allen Investments LLC grew its holdings in Hewlett Packard Enterprise by 345.0% during the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after acquiring an additional 1,318 shares during the period. Institutional investors and hedge funds own 80.78% of the company's stock.
Hewlett Packard Enterprise Stock Performance
Hewlett Packard Enterprise stock traded up $0.07 during mid-day trading on Thursday, reaching $20.96. The company's stock had a trading volume of 3,048,548 shares, compared to its average volume of 19,093,887. Hewlett Packard Enterprise Company has a twelve month low of $11.97 and a twelve month high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The firm has a market cap of $27.50 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 2.29 and a beta of 1.35. The business has a 50 day moving average price of $19.23 and a 200-day moving average price of $18.50.
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 the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same period in the previous year, the company earned $0.42 EPS. The firm's revenue was up 5.9% on a year-over-year basis. Sell-side analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were given a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.48%. Hewlett Packard Enterprise's dividend payout ratio is presently 52.53%.
Insider Activity
In other news, SVP Jeremy Cox sold 68,590 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $18.44, for a total value of $1,264,799.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Phil Mottram sold 30,000 shares of the firm's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the completion of the transaction, the executive vice president directly owned 42,427 shares in the company, valued at $871,450.58. This trade represents a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,590 shares of company stock valued at $2,436,000 over the last ninety days. 0.36% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
HPE has been the subject of several analyst reports. Citigroup started coverage on Hewlett Packard Enterprise in a report on Friday, July 25th. They issued a "buy" rating and a $25.00 target price for the company. Loop Capital boosted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Monday, June 9th. Barclays upped their price objective on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. The Goldman Sachs Group began coverage on shares of Hewlett Packard Enterprise in a report on Thursday, July 24th. They set a "neutral" rating and a $22.00 price objective on the stock. Finally, KeyCorp assumed coverage on Hewlett Packard Enterprise in a report on Thursday, June 26th. They set a "sector weight" rating on the stock. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $22.67.
Check Out Our Latest Analysis on Hewlett Packard Enterprise
Hewlett Packard Enterprise Company Profile
(
Free Report)
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.
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