Swedbank AB Reduces Stake in Hewlett Packard Enterprise (NYSE:HPE)

Swedbank AB trimmed its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 19.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 947,730 shares of the technology company’s stock after selling 234,969 shares during the quarter. Swedbank AB’s holdings in Hewlett Packard Enterprise were worth $20,234,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Lakewood Asset Management LLC lifted its position in shares of Hewlett Packard Enterprise by 0.4% during the 4th quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company’s stock valued at $2,242,000 after buying an additional 457 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in Hewlett Packard Enterprise by 0.8% during the fourth quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock valued at $1,335,000 after purchasing an additional 475 shares in the last quarter. True Link Financial Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 4.3% in the fourth quarter. True Link Financial Advisors LLC now owns 13,546 shares of the technology company’s stock worth $289,000 after purchasing an additional 560 shares during the period. Avior Wealth Management LLC raised its position in shares of Hewlett Packard Enterprise by 6.4% during the 3rd quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company’s stock valued at $198,000 after purchasing an additional 579 shares during the period. Finally, Werba Rubin Papier Wealth Management raised its position in shares of Hewlett Packard Enterprise by 2.5% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 23,583 shares of the technology company’s stock valued at $483,000 after purchasing an additional 581 shares during the period. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $21.17 on Friday. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.66. The company’s 50-day moving average is $22.12 and its 200 day moving average is $20.45. The firm has a market capitalization of $27.85 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 2.01 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is currently 27.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, EVP John F. Schultz sold 262,818 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the transaction, the executive vice president now owns 270,430 shares of the company’s stock, valued at $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of the sale, the director now owns 104,192 shares of the company’s stock, valued at $2,445,386.24. This represents a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 332,166 shares of company stock valued at $7,300,629 in the last quarter. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on HPE. Loop Capital increased their price target on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Stifel Nicolaus upped their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $23.00 to $29.00 in a report on Monday, November 18th. Finally, Barclays boosted their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

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.