Swedbank AB Increases Stake in Hewlett Packard Enterprise Company $HPE

Key Points

• Swedbank AB increased its stake in Hewlett Packard Enterprise (HPE) by 7.9% during the second quarter, owning approximately 681,696 shares valued at $13.94 million.
• The company recently announced a quarterly dividend of $0.13 per share, which will be paid on October 17th, representing a 2.1% dividend yield.
• Hewlett Packard Enterprise has received a mix of ratings from analysts, with an average rating of "Moderate Buy" and a price target of $24.81.

Swedbank AB lifted its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 7.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 681,696 shares of the technology company's stock after purchasing an additional 49,708 shares during the quarter. Swedbank AB owned about 0.05% of Hewlett Packard Enterprise worth $13,941,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Hewlett Packard Enterprise by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company's stock valued at $2,579,896,000 after buying an additional 2,779,446 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Hewlett Packard Enterprise by 15.6% during the 1st 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 acquiring an additional 2,373,850 shares during the period. Northern Trust Corp lifted its holdings in shares of Hewlett Packard Enterprise by 3.4% during the 1st quarter. Northern Trust Corp now owns 16,730,015 shares of the technology company's stock worth $258,144,000 after acquiring an additional 545,775 shares during the period. National Bank of Canada FI lifted its position in shares of Hewlett Packard Enterprise by 1,369.1% during the 1st quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock worth $251,192,000 after buying an additional 15,171,314 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Hewlett Packard Enterprise by 45.6% during the first quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company's stock worth $193,078,000 after buying an additional 3,922,516 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Trading Down 1.3%

Shares of NYSE:HPE traded down $0.32 during trading on Tuesday, reaching $24.84. 10,862,294 shares of the company traded hands, compared to its average volume of 19,389,150. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $25.36. The firm has a market capitalization of $32.78 billion, a price-to-earnings ratio of 30.27, a P/E/G ratio of 2.57 and a beta of 1.43. The business's fifty day moving average is $22.07 and its 200-day moving average is $18.76.

Hewlett Packard Enterprise Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently issued reports on HPE shares. KeyCorp started coverage on Hewlett Packard Enterprise in a research report on Thursday, June 26th. They set a "sector weight" rating for the company. Evercore ISI lifted their target price on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, July 17th. They issued an "overweight" rating and a $30.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $24.81.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the transaction, the executive vice president owned 42,427 shares of the company's stock, valued at $871,450.58. This represents a 41.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 668,590 shares of company stock valued at $15,265,033 in the last quarter. 0.36% of the stock is owned by insiders.

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.