ING Groep NV Has $6.44 Million Holdings in Hewlett Packard Enterprise (NYSE:HPE)

ING Groep NV lowered its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 0.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 314,819 shares of the technology company’s stock after selling 1,112 shares during the period. ING Groep NV’s holdings in Hewlett Packard Enterprise were worth $6,441,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its holdings in Hewlett Packard Enterprise by 14,953.2% during the second quarter. Pacer Advisors Inc. now owns 23,189,645 shares of the technology company’s stock worth $490,925,000 after purchasing an additional 23,035,594 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Hewlett Packard Enterprise by 3,228.2% in the 2nd quarter. Marshall Wace LLP now owns 8,825,249 shares of the technology company’s stock worth $186,831,000 after buying an additional 8,560,086 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Hewlett Packard Enterprise by 3.7% in the first quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock valued at $2,869,655,000 after acquiring an additional 5,777,901 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of Hewlett Packard Enterprise by 336.7% during the second quarter. Panagora Asset Management Inc. now owns 4,269,603 shares of the technology company’s stock valued at $90,387,000 after acquiring an additional 3,291,880 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Hewlett Packard Enterprise during the first quarter worth $51,938,000. 80.78% of the stock is owned by institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 250,000 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $20.73, for a total value of $5,182,500.00. Following the completion of the sale, the chief executive officer now owns 1,508,641 shares of the company’s stock, valued at approximately $31,274,127.93. This represents a 14.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the transaction, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. The trade was a 26.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 426,012 shares of company stock valued at $8,599,617 in the last quarter. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on HPE shares. UBS Group upped their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Susquehanna restated a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Citigroup started coverage on shares of Hewlett Packard Enterprise in a research note on Monday, September 23rd. They issued a “neutral” rating and a $20.00 target price on the stock. Barclays upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $20.00 to $24.00 in a research note on Wednesday, September 25th. Finally, Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the company from $21.00 to $24.00 in a research note on Tuesday, September 17th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.46.

Hewlett Packard Enterprise Stock Down 1.3 %

HPE opened at $21.07 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The firm has a market capitalization of $27.36 billion, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 3.39 and a beta of 1.19. The company has a fifty day moving average price of $19.80 and a 200-day moving average price of $19.40.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.67 billion. During the same quarter last year, the firm posted $0.35 EPS. The company’s revenue was up 10.1% compared to the same quarter last year. Equities research analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.47%. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.14%.

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.