Andra AP fonden Acquires 16,900 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Andra AP fonden boosted its position in shares of Hewlett Packard Enterprise (NYSE:HPEFree Report) by 2.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 631,300 shares of the technology company’s stock after purchasing an additional 16,900 shares during the quarter. Andra AP fonden’s holdings in Hewlett Packard Enterprise were worth $10,966,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HPE. Valley National Advisers Inc. increased its stake in shares of Hewlett Packard Enterprise by 68.1% in the 2nd quarter. Valley National Advisers Inc. now owns 1,728 shares of the technology company’s stock valued at $30,000 after acquiring an additional 700 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $31,000. McIlrath & Eck LLC increased its stake in shares of Hewlett Packard Enterprise by 90.2% in the 2nd quarter. McIlrath & Eck LLC now owns 1,910 shares of the technology company’s stock valued at $32,000 after acquiring an additional 906 shares during the last quarter. First Manhattan Co. increased its stake in shares of Hewlett Packard Enterprise by 89.4% in the 1st quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock valued at $40,000 after acquiring an additional 1,139 shares during the last quarter. Finally, Glassman Wealth Services increased its stake in shares of Hewlett Packard Enterprise by 72.0% in the 2nd quarter. Glassman Wealth Services now owns 2,444 shares of the technology company’s stock valued at $41,000 after acquiring an additional 1,023 shares during the last quarter. 81.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, EVP John F. Schultz sold 209,748 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $16.40, for a total transaction of $3,439,867.20. Following the sale, the executive vice president now directly owns 278,118 shares in the company, valued at approximately $4,561,135.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Hewlett Packard Enterprise news, CFO Jeremy Cox sold 4,887 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $16.37, for a total value of $80,000.19. Following the transaction, the chief financial officer now directly owns 29,934 shares in the company, valued at approximately $490,019.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F. Schultz sold 209,748 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $16.40, for a total value of $3,439,867.20. Following the completion of the transaction, the executive vice president now owns 278,118 shares in the company, valued at $4,561,135.20. The disclosure for this sale can be found here. Insiders have sold a total of 303,575 shares of company stock worth $4,989,141 over the last ninety days. 0.53% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Trading Down 0.1 %

HPE stock traded down $0.02 during mid-day trading on Friday, reaching $15.48. The company’s stock had a trading volume of 6,571,854 shares, compared to its average volume of 12,142,830. The company has a market cap of $20.12 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 2.63 and a beta of 1.20. The business’s 50 day moving average price is $16.26 and its 200 day moving average price is $16.56. The company has a current ratio of 0.87, a quick ratio of 0.66 and a debt-to-equity ratio of 0.35. Hewlett Packard Enterprise has a 12 month low of $13.65 and a 12 month high of $18.14.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last announced its earnings results on Tuesday, November 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. The company had revenue of $7.35 billion for the quarter, compared to analysts’ expectations of $7.36 billion. Hewlett Packard Enterprise had a return on equity of 9.83% and a net margin of 6.95%. Hewlett Packard Enterprise’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.23) earnings per share. On average, equities research analysts predict that Hewlett Packard Enterprise will post 1.6 EPS for the current year.

Hewlett Packard Enterprise Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Wednesday, December 13th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, December 12th. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 3.36%. Hewlett Packard Enterprise’s payout ratio is presently 33.77%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Sanford C. Bernstein cut Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $20.00 to $17.00 in a research note on Tuesday, January 16th. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Barclays dropped their price target on Hewlett Packard Enterprise from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 29th. Morgan Stanley increased their price target on Hewlett Packard Enterprise from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 29th. Finally, Raymond James increased their price target on Hewlett Packard Enterprise from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and a consensus target price of $17.60.

View Our Latest Stock Analysis on Hewlett Packard Enterprise

Hewlett Packard Enterprise Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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