Swiss National Bank Decreases Position in Hewlett Packard Enterprise (NYSE:HPE)

Swiss National Bank reduced its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 3.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,011,600 shares of the technology company's stock after selling 142,300 shares during the period. Swiss National Bank owned approximately 0.31% of Hewlett Packard Enterprise worth $68,117,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 7.6% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 9,391 shares of the technology company's stock worth $159,000 after acquiring an additional 666 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in Hewlett Packard Enterprise by 3.0% in the fourth quarter. Verdence Capital Advisors LLC now owns 23,822 shares of the technology company's stock worth $405,000 after purchasing an additional 693 shares during the last quarter. Montgomery Investment Management Inc. lifted its stake in Hewlett Packard Enterprise by 2.9% in the fourth quarter. Montgomery Investment Management Inc. now owns 24,950 shares of the technology company's stock worth $424,000 after purchasing an additional 700 shares during the last quarter. IMPACTfolio LLC lifted its stake in Hewlett Packard Enterprise by 5.3% in the fourth quarter. IMPACTfolio LLC now owns 13,963 shares of the technology company's stock worth $237,000 after purchasing an additional 705 shares during the last quarter. Finally, Avantax Planning Partners Inc. lifted its stake in Hewlett Packard Enterprise by 5.5% in the third quarter. Avantax Planning Partners Inc. now owns 14,115 shares of the technology company's stock worth $245,000 after purchasing an additional 730 shares during the last quarter. 80.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HPE. Barclays lowered their price target on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Friday, March 1st. Sanford C. Bernstein downgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $20.00 to $17.00 in a research note on Tuesday, January 16th. StockNews.com downgraded shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Saturday, April 27th. Wells Fargo & Company upped their price objective on shares of 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. Finally, Evercore ISI lowered their price objective on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an "in-line" rating for the company in a research note on Friday, March 1st. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of "Hold" and an average target price of $17.91.

Hewlett Packard Enterprise Trading Up 1.8 %

Shares of NYSE HPE traded up $0.30 during midday trading on Monday, hitting $17.16. 9,231,968 shares of the company traded hands, compared to its average volume of 14,497,086. Hewlett Packard Enterprise has a 12-month low of $13.70 and a 12-month high of $20.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89. The stock has a 50-day moving average price of $17.26 and a 200 day moving average price of $16.41. The firm has a market cap of $22.31 billion, a P/E ratio of 11.83, a P/E/G ratio of 3.12 and a beta of 1.20.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The company had revenue of $6.76 billion for the quarter, compared to analysts' expectations of $7.09 billion. During the same quarter in the previous year, the company earned $0.38 earnings per share. Hewlett Packard Enterprise's quarterly revenue was down 13.5% on a year-over-year basis. As a group, analysts expect 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. Investors of record on Friday, March 15th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, March 14th. Hewlett Packard Enterprise's dividend payout ratio is currently 35.86%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of the company's stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total value of $310,758.08. Following the sale, the senior vice president now owns 15,541 shares in the company, valued at $263,575.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.40% of the stock is owned by corporate insiders.

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.