Handelsbanken Fonder AB Sells 16,387 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Handelsbanken Fonder AB cut its position in Hewlett Packard Enterprise (NYSE:HPE) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 826,545 shares of the technology company’s stock after selling 16,387 shares during the quarter. Handelsbanken Fonder AB’s holdings in Hewlett Packard Enterprise were worth $12,754,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Putney Financial Group LLC bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $25,000. Hara Capital LLC bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $28,000. Ameriflex Group Inc. bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $31,000. Bruce G. Allen Investments LLC grew its position in shares of Hewlett Packard Enterprise by 345.0% in the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company’s stock valued at $26,000 after purchasing an additional 1,318 shares in the last quarter. Finally, Elequin Capital LP purchased a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at $37,000. 80.78% of the stock is currently owned by institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the company’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock opened at $18.23 on Thursday. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66. The business has a 50-day simple moving average of $16.43 and a 200 day simple moving average of $18.96. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The stock has a market cap of $23.92 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 2.03 and a beta of 1.31.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 8.56%. The business had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.51 billion. During the same period in the previous year, the business earned $0.42 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. On average, research analysts forecast that Hewlett Packard Enterprise will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise’s payout ratio is currently 52.53%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HPE shares. Raymond James lifted their price target on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a “strong-buy” rating in a research report on Wednesday, June 4th. Wall Street Zen cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Bank of America reduced their price target 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. Morgan Stanley lifted their price target on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company lifted their price target on Hewlett Packard Enterprise from $17.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 4th. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and an average price target of $21.31.

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.