Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ decreased its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 65.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 397,438 shares of the technology company's stock after selling 749,742 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Hewlett Packard Enterprise were worth $8,505,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HPE. Los Angeles Capital Management LLC boosted its holdings in Hewlett Packard Enterprise by 84.8% in the third quarter. Los Angeles Capital Management LLC now owns 31,437 shares of the technology company's stock valued at $643,000 after acquiring an additional 14,430 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 252.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,761 shares of the technology company's stock worth $56,000 after purchasing an additional 1,977 shares during the period. Empower Advisory Group LLC acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter worth approximately $201,000. KBC Group NV raised its holdings in Hewlett Packard Enterprise by 9.9% in the third quarter. KBC Group NV now owns 797,184 shares of the technology company's stock valued at $16,310,000 after buying an additional 71,704 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in Hewlett Packard Enterprise by 7.1% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 38,231 shares of the technology company's stock valued at $782,000 after buying an additional 2,518 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

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Hewlett Packard Enterprise Stock Up 2.7 %

Shares of Hewlett Packard Enterprise stock traded up $0.43 during trading on Wednesday, reaching $16.36. The company had a trading volume of 21,468,212 shares, compared to its average volume of 14,941,351. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. Hewlett Packard Enterprise has a fifty-two week low of $14.64 and a fifty-two week high of $24.66. The firm's fifty day moving average is $20.57 and its 200-day moving average is $20.55. The company has a market cap of $21.48 billion, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio is presently 25.37%.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the transaction, the senior vice president now directly owns 48,615 shares of the company's stock, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.36% of the company's stock.

Analyst Ratings Changes

HPE has been the subject of several recent research reports. Stifel Nicolaus increased their price objective on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Citigroup raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and raised their price objective for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Morgan Stanley decreased their target price on Hewlett Packard Enterprise from $28.00 to $24.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Loop Capital dropped their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a report on Monday, March 10th. Finally, Susquehanna decreased their price target on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $21.27.

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.