Hewlett Packard Enterprise Company $HPE Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS raised its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 4.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 448,211 shares of the technology company’s stock after acquiring an additional 18,400 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Hewlett Packard Enterprise were worth $9,215,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 2.3% during the first quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company’s stock valued at $492,000 after purchasing an additional 699 shares during the period. Louisiana State Employees Retirement System grew its holdings in Hewlett Packard Enterprise by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 70,600 shares of the technology company’s stock valued at $1,089,000 after purchasing an additional 700 shares in the last quarter. Pinnacle Financial Partners Inc increased its stake in Hewlett Packard Enterprise by 6.9% during the 1st quarter. Pinnacle Financial Partners Inc now owns 11,541 shares of the technology company’s stock worth $178,000 after buying an additional 746 shares during the period. Larson Financial Group LLC lifted its holdings in Hewlett Packard Enterprise by 16.7% in the 1st quarter. Larson Financial Group LLC now owns 5,370 shares of the technology company’s stock worth $83,000 after buying an additional 769 shares in the last quarter. Finally, Dynasty Wealth Management LLC boosted its position in Hewlett Packard Enterprise by 2.8% in the 1st quarter. Dynasty Wealth Management LLC now owns 33,907 shares of the technology company’s stock valued at $523,000 after buying an additional 925 shares during the last quarter. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Price Performance

Shares of HPE opened at $26.23 on Friday. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $26.44. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. The firm has a market cap of $34.61 billion, a price-to-earnings ratio of 31.99, a PEG ratio of 2.72 and a beta of 1.45. The stock has a 50 day moving average of $23.13 and a 200-day moving average of $19.53.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 18th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, September 18th. This represents a $0.52 annualized dividend and a yield of 2.0%. Hewlett Packard Enterprise’s payout ratio is presently 63.41%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Susquehanna lifted their target price on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, September 4th. KeyCorp initiated coverage on Hewlett Packard Enterprise in a research note on Thursday, June 26th. They set a “sector weight” rating for the company. Wolfe Research assumed coverage on Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Citigroup increased their target price on Hewlett Packard Enterprise from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $25.06.

Insiders Place Their Bets

In related news, CEO Antonio F. Neri sold 166,666 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $25.03, for a total transaction of $4,171,649.98. Following the completion of the sale, the chief executive officer owned 1,585,726 shares of the company’s stock, valued at $39,690,721.78. This represents a 9.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maeve C. Culloty sold 3,738 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $25.12, for a total transaction of $93,898.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 543,738 shares of company stock valued at $12,922,932. Company insiders own 0.36% of the company’s stock.

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.