Swedbank AB Purchases New Position in Hewlett Packard Enterprise (NYSE:HPE)

Swedbank AB acquired a new stake in Hewlett Packard Enterprise (NYSE:HPE) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,522,540 shares of the technology company’s stock, valued at approximately $26,995,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Hewlett Packard Enterprise by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock worth $2,869,655,000 after acquiring an additional 5,777,901 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Hewlett Packard Enterprise by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,733,959 shares of the technology company’s stock valued at $301,151,000 after purchasing an additional 695,038 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Hewlett Packard Enterprise by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,984,626 shares of the technology company’s stock worth $152,559,000 after purchasing an additional 83,037 shares during the last quarter. abrdn plc increased its stake in shares of Hewlett Packard Enterprise by 12.6% in the fourth quarter. abrdn plc now owns 5,048,253 shares of the technology company’s stock valued at $85,719,000 after buying an additional 566,512 shares during the period. Finally, Nordea Investment Management AB raised its holdings in Hewlett Packard Enterprise by 12.3% in the 1st quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock valued at $84,166,000 after buying an additional 517,734 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $18.03 on Friday. The firm has a market capitalization of $23.43 billion, a P/E ratio of 13.16, a P/E/G ratio of 2.76 and a beta of 1.20. The firm’s 50-day moving average price is $20.29 and its 200-day moving average price is $17.95. The company has a current ratio of 0.90, a quick ratio of 0.59 and a debt-to-equity ratio of 0.34. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The firm had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the firm posted $0.32 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.88%. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HPE. Stifel Nicolaus boosted their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Argus upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Friday, June 7th. UBS Group upped their price target on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, June 5th. Susquehanna raised their price objective on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 5th. Finally, Barclays upped their target price on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.08.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Kirt P. Karros sold 30,686 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total transaction of $628,756.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Kirt P. Karros sold 30,686 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $20.49, for a total transaction of $628,756.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $19.51, for a total value of $975,500.00. Following the completion of the sale, the director now directly owns 150,948 shares of the company’s stock, valued at $2,944,995.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,141 shares of company stock valued at $2,850,108. Corporate insiders own 0.40% of the company’s stock.

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.