Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ decreased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 65.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 397,438 shares of the technology company’s stock after selling 749,742 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Hewlett Packard Enterprise were worth $8,505,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth approximately $26,000. Hara Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $28,000. Tandem Financial LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $32,000. Finally, R Squared Ltd acquired a new stake in Hewlett Packard Enterprise during the 4th quarter valued at $45,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Up 6.2 %

Shares of NYSE HPE opened at $15.68 on Friday. Hewlett Packard Enterprise has a 12-month low of $14.64 and a 12-month high of $24.66. The company has a market cap of $20.60 billion, a P/E ratio of 8.25, a P/E/G ratio of 2.03 and a beta of 1.20. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average price of $20.84 and a 200 day moving average price of $20.59.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a $0.13 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.32%. Hewlett Packard Enterprise’s dividend payout ratio is currently 25.37%.

Analyst Ratings Changes

A number of equities research analysts have commented on HPE shares. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, December 19th. Barclays reduced their price target on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company reduced their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Morgan Stanley reduced their price target on Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Finally, Susquehanna reduced their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.27.

Insider Activity at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the sale, the senior vice president now directly owns 48,615 shares in the company, valued at $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.36% of the stock is owned by insiders.

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.