Forsta AP Fonden Sells 14,400 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Forsta AP Fonden cut its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 586,000 shares of the technology company's stock after selling 14,400 shares during the quarter. Forsta AP Fonden's holdings in Hewlett Packard Enterprise were worth $12,511,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Geode Capital Management LLC grew its stake in Hewlett Packard Enterprise by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company's stock valued at $642,748,000 after acquiring an additional 251,076 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 18.1% in the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company's stock valued at $560,274,000 after purchasing an additional 4,194,213 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Hewlett Packard Enterprise by 6.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company's stock valued at $321,149,000 after purchasing an additional 921,624 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Hewlett Packard Enterprise by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,609,078 shares of the technology company's stock worth $196,602,000 after purchasing an additional 129,463 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Hewlett Packard Enterprise by 35.1% during the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company's stock worth $155,142,000 after purchasing an additional 1,885,559 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Price Performance

Hewlett Packard Enterprise stock traded up $0.20 during trading hours on Thursday, hitting $21.86. 2,069,699 shares of the company traded hands, compared to its average volume of 15,124,833. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.66. The firm has a market cap of $28.75 billion, a P/E ratio of 11.51, a P/E/G ratio of 2.27 and a beta of 1.20. The firm's 50-day simple moving average is $22.13 and its two-hundred day simple moving average is $20.44. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise's dividend payout ratio is presently 27.37%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HPE. Stifel Nicolaus boosted their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $23.00 to $28.00 in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price objective for the company in a research report on Thursday, December 19th. Raymond James upgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and raised their target price for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Finally, StockNews.com upgraded Hewlett Packard Enterprise from a "buy" rating to a "strong-buy" rating in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $24.00.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the sale, the executive vice president now directly owns 270,430 shares of the company's stock, valued at $5,846,696.60. The trade was a 49.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of the firm's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the completion of the sale, the senior vice president now directly owns 61,735 shares of the company's stock, valued at approximately $1,419,905. This trade represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 332,166 shares of company stock worth $7,300,629. Corporate insiders own 0.40% of the company's stock.

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.