Nordea Investment Management AB Has $155.14 Million Stake in Hewlett Packard Enterprise (NYSE:HPE)

Nordea Investment Management AB increased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 35.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,253,035 shares of the technology company's stock after buying an additional 1,885,559 shares during the period. Nordea Investment Management AB owned 0.55% of Hewlett Packard Enterprise worth $155,142,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Moloney Securities Asset Management LLC bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $861,000. CHICAGO TRUST Co NA increased its stake in Hewlett Packard Enterprise by 67.8% in the third quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company's stock valued at $1,858,000 after purchasing an additional 36,704 shares in the last quarter. National Pension Service increased its stake in Hewlett Packard Enterprise by 17.3% in the third quarter. National Pension Service now owns 3,202,752 shares of the technology company's stock valued at $65,528,000 after purchasing an additional 472,885 shares in the last quarter. HighTower Advisors LLC raised its holdings in Hewlett Packard Enterprise by 110.8% in the third quarter. HighTower Advisors LLC now owns 299,743 shares of the technology company's stock worth $6,102,000 after purchasing an additional 157,561 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new position in shares of Hewlett Packard Enterprise during the third quarter worth $1,915,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on HPE. Raymond James raised Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and raised their price objective for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Susquehanna reiterated a "neutral" rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Bank of America upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Citigroup upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and raised their target price for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price target for the company in a report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.00.

Hewlett Packard Enterprise Stock Performance

NYSE HPE traded down $0.53 on Tuesday, hitting $22.32. 12,106,584 shares of the stock were exchanged, compared to its average volume of 13,464,770. The company has a market capitalization of $29.36 billion, a PE ratio of 11.75, a P/E/G ratio of 2.02 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The business's fifty day moving average is $21.54 and its 200 day moving average is $20.22. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $24.24.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be paid a $0.13 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.33%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 27.37%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the completion of the transaction, the director now owns 104,192 shares in the company, valued at approximately $2,445,386.24. This represents a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 570,589 shares of company stock worth $12,216,858. Company 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.