Swiss National Bank Sells 189,000 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Swiss National Bank lowered its position in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 4.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,668,800 shares of the technology company's stock after selling 189,000 shares during the quarter. Swiss National Bank owned about 0.28% of Hewlett Packard Enterprise worth $78,329,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HPE. RPg Family Wealth Advisory LLC bought a new stake in Hewlett Packard Enterprise in the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at approximately $26,000. Hara Capital LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter worth approximately $28,000. Tandem Financial LLC bought a new position in Hewlett Packard Enterprise during the 4th quarter worth $32,000. Finally, R Squared Ltd acquired a new position in Hewlett Packard Enterprise in the 4th quarter valued at $45,000. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Trading Up 2.7 %

Shares of HPE stock traded up $0.43 during mid-day trading on Wednesday, reaching $16.36. 21,468,212 shares of the stock traded hands, compared to its average volume of 14,941,351. The stock's fifty day simple moving average is $20.57 and its two-hundred day simple moving average is $20.55. 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 has a 1-year low of $14.64 and a 1-year high of $24.66. 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.

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Hewlett Packard Enterprise Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HPE. 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. StockNews.com lowered shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Susquehanna cut their price target on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Daiwa America cut shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Finally, Barclays cut their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Nine research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $21.27.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is currently owned by insiders.

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.