Handelsbanken Fonder AB Has $10.24 Million Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Handelsbanken Fonder AB boosted its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 82.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 603,166 shares of the technology company's stock after buying an additional 272,232 shares during the period. Handelsbanken Fonder AB's holdings in Hewlett Packard Enterprise were worth $10,242,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. CWM LLC increased its position in Hewlett Packard Enterprise by 8.7% during the fourth quarter. CWM LLC now owns 33,880 shares of the technology company's stock worth $575,000 after buying an additional 2,721 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Hewlett Packard Enterprise by 1.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 123,074 shares of the technology company's stock worth $2,090,000 after buying an additional 1,877 shares during the period. Verdence Capital Advisors LLC increased its position in Hewlett Packard Enterprise by 3.0% during the fourth quarter. Verdence Capital Advisors LLC now owns 23,822 shares of the technology company's stock worth $405,000 after buying an additional 693 shares during the period. abrdn plc grew its stake in shares of Hewlett Packard Enterprise by 12.6% in the 4th quarter. abrdn plc now owns 5,048,253 shares of the technology company's stock valued at $85,719,000 after purchasing an additional 566,512 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Hewlett Packard Enterprise by 0.3% in the 4th quarter. Federated Hermes Inc. now owns 1,295,113 shares of the technology company's stock valued at $21,991,000 after purchasing an additional 3,336 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Wall Street Analysts Forecast Growth

HPE has been the topic of several analyst reports. Evercore ISI lowered their target price on Hewlett Packard Enterprise from $19.00 to $18.00 and set an "in-line" rating on the stock in a research note on Friday, March 1st. Wells Fargo & Company lifted their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 17th. Sanford C. Bernstein downgraded Hewlett Packard Enterprise from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $20.00 to $17.00 in a research note on Tuesday, January 16th. Stifel Nicolaus lowered their target price on Hewlett Packard Enterprise from $20.00 to $18.00 and set a "buy" rating on the stock in a research note on Friday, March 1st. Finally, Morgan Stanley lifted their price target on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an "equal weight" rating in a research note on Monday, April 15th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of "Hold" and an average price target of $17.91.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 18,323 shares of the company's stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the completion of the transaction, the senior vice president now directly owns 15,541 shares in the company, valued at $263,575.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company's stock.

Hewlett Packard Enterprise Price Performance

HPE traded up $0.04 during trading on Thursday, reaching $16.97. 8,358,928 shares of the stock were exchanged, compared to its average volume of 14,950,465. The business's 50 day moving average price is $16.96 and its two-hundred day moving average price is $16.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.63. The company has a market capitalization of $22.06 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 3.11 and a beta of 1.21. Hewlett Packard Enterprise has a 1 year low of $13.65 and a 1 year high of $20.07.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The company had revenue of $6.76 billion during the quarter, compared to analysts' expectations of $7.09 billion. During the same period in the previous year, the firm posted $0.38 earnings per share. The business's revenue for the quarter was down 13.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.06%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 35.86%.

Hewlett Packard Enterprise 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.