Avanza Fonder AB Invests $2.57 Million in Hewlett Packard Enterprise (NYSE:HPE)

Avanza Fonder AB bought a new position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 120,494 shares of the technology company's stock, valued at approximately $2,573,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HPE. Envestnet Asset Management Inc. increased its stake in shares of Hewlett Packard Enterprise by 28.0% in the second quarter. Envestnet Asset Management Inc. now owns 535,230 shares of the technology company's stock worth $11,331,000 after purchasing an additional 117,243 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter worth $208,000. Citizens Financial Group Inc. RI bought a new stake in Hewlett Packard Enterprise during the second quarter valued at about $237,000. Mercer Global Advisors Inc. ADV lifted its position in shares of Hewlett Packard Enterprise by 7.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 229,365 shares of the technology company's stock valued at $4,853,000 after acquiring an additional 16,837 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Hewlett Packard Enterprise by 7.0% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 50,691 shares of the technology company's stock worth $1,073,000 after acquiring an additional 3,295 shares during the period. Institutional investors own 80.78% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Morgan Stanley raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Loop Capital boosted their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Stifel Nicolaus raised their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Raymond James upgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and boosted their price target for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft raised 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. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $24.00.

Insiders Place Their Bets

In related news, Director Gary M. Reiner sold 50,000 shares of the firm's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $23.47, for a total value of $1,173,500.00. Following the transaction, the director now owns 104,192 shares of the company's stock, valued at $2,445,386.24. This trade represents a 32.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jeremy Cox sold 7,771 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the sale, the senior vice president now owns 61,735 shares of the company's stock, valued at $1,419,905. The trade was a 11.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 332,166 shares of company stock valued at $7,300,629 over the last 90 days. Insiders own 0.40% of the company's stock.

Hewlett Packard Enterprise Trading Down 1.1 %

HPE stock traded down $0.25 during mid-day trading on Friday, reaching $23.16. 19,926,183 shares of the stock traded hands, compared to its average volume of 11,881,842. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.24. The stock has a market capitalization of $30.46 billion, a PE ratio of 12.19, a PEG ratio of 2.05 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The business has a 50-day moving average price of $21.85 and a two-hundred day moving average price of $20.32.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 27.37%.

About Hewlett Packard Enterprise

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.