Swiss National Bank Acquires 40,900 Shares of Hewlett Packard Enterprise Company (NYSE:HPE)

Key Points

• The Swiss National Bank increased its holdings in Hewlett Packard Enterprise by 1.1% in Q1, acquiring an additional 40,900 shares to reach a total of 3,709,700 shares valued at approximately $57.24 million.
• Insiders sold 128,590 shares of Hewlett Packard Enterprise in the last ninety days, with prominent sales by EVPs totaling around $2.44 million in value.
• Analysts generally view Hewlett Packard Enterprise positively, with a consensus rating of Moderate Buy and price target estimates ranging between $22.00 and $28.00.

Swiss National Bank lifted its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 1.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,709,700 shares of the technology company's stock after acquiring an additional 40,900 shares during the quarter. Swiss National Bank owned approximately 0.28% of Hewlett Packard Enterprise worth $57,241,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sowell Financial Services LLC bought a new position in shares of Hewlett Packard Enterprise during the 1st quarter worth approximately $301,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Hewlett Packard Enterprise by 22.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company's stock valued at $2,421,000 after purchasing an additional 28,123 shares during the period. OneDigital Investment Advisors LLC bought a new stake in Hewlett Packard Enterprise in the 1st quarter valued at $164,000. Farther Finance Advisors LLC boosted its stake in Hewlett Packard Enterprise by 2.3% in the 1st quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock valued at $492,000 after purchasing an additional 699 shares during the period. Finally, Exchange Traded Concepts LLC boosted its stake in Hewlett Packard Enterprise by 21.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 14,108 shares of the technology company's stock valued at $218,000 after purchasing an additional 2,466 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the sale, the executive vice president owned 42,427 shares in the company, valued at approximately $871,450.58. The trade was a 41.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jeremy Cox sold 68,590 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $18.44, for a total value of $1,264,799.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,590 shares of company stock valued at $2,436,000. Insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wall Street Zen upgraded Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. The Goldman Sachs Group assumed coverage on Hewlett Packard Enterprise in a research note on Thursday, July 24th. They issued a "neutral" rating and a $22.00 price target for the company. Raymond James Financial boosted their price target on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a research note on Wednesday, June 4th. Barclays boosted their price target 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. Finally, Evercore ISI lifted their price objective on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of "Moderate Buy" and an average target price of $22.87.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $20.84 on Monday. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $24.66. The business has a 50-day simple moving average of $19.61 and a two-hundred day simple moving average of $18.28. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52. The stock has a market cap of $27.35 billion, a PE ratio of 21.05, a PEG ratio of 3.00 and a beta of 1.37.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $7.51 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. Analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio is presently 52.53%.

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.

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