Hewlett Packard Enterprise (NYSE:HPE) Holdings Lowered by Tredje AP fonden

Tredje AP fonden reduced its stake in Hewlett Packard Enterprise (NYSE:HPE) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,167 shares of the technology company’s stock after selling 102,166 shares during the period. Tredje AP fonden’s holdings in Hewlett Packard Enterprise were worth $2,181,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in Hewlett Packard Enterprise during the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at $26,000. Hara Capital LLC bought a new position in Hewlett Packard Enterprise during the fourth quarter valued at about $28,000. Tandem Financial LLC acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth about $32,000. Finally, R Squared Ltd bought a new stake in Hewlett Packard Enterprise in the fourth quarter worth about $45,000. 80.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the sale, the senior vice president now owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Trading Down 2.1 %

Shares of NYSE:HPE opened at $14.77 on Friday. The firm has a fifty day moving average of $20.96 and a two-hundred day moving average of $20.60. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 12-month low of $14.64 and a 12-month high of $24.66. The firm has a market capitalization of $19.40 billion, a P/E ratio of 7.77, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be given a dividend of $0.13 per share. The ex-dividend date is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.52%. Hewlett Packard Enterprise’s payout ratio is 25.37%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HPE. Morgan Stanley reduced their price objective on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Thursday, December 19th. Bank of America cut their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Daiwa Capital Markets lowered Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research report on Wednesday. Finally, StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Nine research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.27.

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.