Hewlett Packard Enterprise (NYSE:HPE) Position Cut by Swiss National Bank

Swiss National Bank decreased its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,011,600 shares of the technology company’s stock after selling 142,300 shares during the quarter. Swiss National Bank owned about 0.31% of Hewlett Packard Enterprise worth $68,117,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of HPE. Authentikos Wealth Advisory LLC acquired a new position in Hewlett Packard Enterprise during the 3rd quarter valued at about $31,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in shares of Hewlett Packard Enterprise during the third quarter worth approximately $33,000. Salem Investment Counselors Inc. grew its holdings in Hewlett Packard Enterprise by 180.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock worth $33,000 after buying an additional 1,261 shares in the last quarter. ORG Partners LLC grew its holdings in Hewlett Packard Enterprise by 111.4% in the 4th quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock worth $44,000 after buying an additional 1,378 shares in the last quarter. Finally, NBC Securities Inc. acquired a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at approximately $52,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Up 2.0 %

Shares of Hewlett Packard Enterprise stock opened at $16.86 on Monday. Hewlett Packard Enterprise has a 12-month low of $13.65 and a 12-month high of $20.07. The firm has a market capitalization of $21.92 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 3.12 and a beta of 1.20. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average is $17.22 and its 200-day moving average is $16.40.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $7.09 billion. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The business’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 EPS. Equities analysts anticipate that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 35.86%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HPE shares. Morgan Stanley increased their price target on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Wells Fargo & Company raised their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Barclays reduced their price target on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Finally, Evercore ISI dropped their target price on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a report on Friday, March 1st. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.91.

Insider Activity

In other news, SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total transaction of $310,758.08. Following the transaction, the senior vice president now owns 15,541 shares in the company, valued at $263,575.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.