Livforsakringsbolaget Skandia Omsesidigt Has $49,000 Stake in Hewlett Packard Enterprise (NYSE:HPE)

Livforsakringsbolaget Skandia Omsesidigt trimmed its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 55.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,290 shares of the technology company’s stock after selling 2,900 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Hewlett Packard Enterprise were worth $49,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in shares of Hewlett Packard Enterprise by 15.1% in the 4th quarter. International Assets Investment Management LLC now owns 73,005 shares of the technology company’s stock valued at $1,240,000 after buying an additional 9,578 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Hewlett Packard Enterprise by 26.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 499,247 shares of the technology company’s stock valued at $8,477,000 after buying an additional 104,030 shares during the period. Bleakley Financial Group LLC increased its stake in shares of Hewlett Packard Enterprise by 72.8% in the 4th quarter. Bleakley Financial Group LLC now owns 37,335 shares of the technology company’s stock valued at $634,000 after buying an additional 15,726 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at $305,000. Finally, Custom Index Systems LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at $299,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total transaction of $975,500.00. Following the transaction, the director now owns 150,948 shares of the company’s stock, valued at $2,944,995.48. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total transaction of $975,500.00. Following the transaction, the director now owns 150,948 shares of the company’s stock, valued at $2,944,995.48. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Kirt P. Karros sold 30,686 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $20.49, for a total value of $628,756.14. The disclosure for this sale can be found here. Insiders have sold a total of 140,141 shares of company stock valued at $2,850,108 over the last 90 days. 0.40% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Stock Down 0.9 %

Shares of Hewlett Packard Enterprise stock traded down $0.15 during trading on Monday, reaching $17.19. The stock had a trading volume of 5,462,792 shares, compared to its average volume of 15,319,126. The company has a market capitalization of $22.34 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 2.76 and a beta of 1.20. The stock has a fifty day moving average price of $20.18 and a two-hundred day moving average price of $18.05. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. 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 (NYSE:HPE) last released its earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $6.82 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. Hewlett Packard Enterprise’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 earnings per share. Sell-side analysts predict that Hewlett Packard Enterprise will post 1.59 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Tuesday, June 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.96%.

Analyst Upgrades and Downgrades

HPE has been the subject of several research reports. Evercore ISI lifted their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company an “in-line” rating in a research note on Wednesday, June 5th. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Stifel Nicolaus lifted their price objective on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. UBS Group lifted their price objective on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 5th. Finally, Bank of America lifted their price objective on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, June 21st. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of “Hold” and an average target price of $21.08.

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.