Achmea Investment Management B.V. Decreases Holdings in Hewlett Packard Enterprise Co (HPE)

Achmea Investment Management B.V. cut its stake in Hewlett Packard Enterprise Co (NYSE:HPE) by 13.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 254,646 shares of the technology company’s stock after selling 38,495 shares during the quarter. Achmea Investment Management B.V.’s holdings in Hewlett Packard Enterprise were worth $4,149,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Hewlett Packard Enterprise by 16,531.4% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,482 shares of the technology company’s stock worth $124,000 after acquiring an additional 8,431 shares in the last quarter. TRUE Private Wealth Advisors bought a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth about $137,000. North Star Investment Management Corp. bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth about $150,000. Ferguson Wellman Capital Management Inc. bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth about $158,000. Finally, Harfst & Associates Inc. bought a new position in shares of Hewlett Packard Enterprise in the 2nd quarter worth about $158,000. Institutional investors and hedge funds own 82.87% of the company’s stock.

Shares of HPE stock opened at $15.72 on Friday. Hewlett Packard Enterprise Co has a one year low of $12.81 and a one year high of $19.48. The stock has a market cap of $23.90 billion, a P/E ratio of 16.38, a PEG ratio of 0.93 and a beta of 1.61. The company has a current ratio of 1.00, a quick ratio of 0.84 and a debt-to-equity ratio of 0.42.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, August 28th. The technology company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Hewlett Packard Enterprise had a net margin of 10.43% and a return on equity of 9.38%. The company had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $7.67 billion. During the same period in the prior year, the firm posted $0.30 EPS. Hewlett Packard Enterprise’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts forecast that Hewlett Packard Enterprise Co will post 1.53 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 12th will be given a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 2.86%. The ex-dividend date is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 46.88%.

Several brokerages recently issued reports on HPE. BMO Capital Markets decreased their price target on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set a “market perform” rating for the company in a research note on Wednesday, August 29th. Zacks Investment Research lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, August 31st. UBS Group began coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, September 26th. They issued a “hold” rating and a $17.00 price target for the company. Deutsche Bank increased their price target on shares of Hewlett Packard Enterprise from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, August 29th. Finally, Maxim Group reiterated a “hold” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, August 29th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average target price of $17.65.

In other news, insider Antonio F. Neri sold 36,556 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $16.50, for a total transaction of $603,174.00. Following the sale, the insider now owns 170,721 shares of the company’s stock, valued at approximately $2,816,896.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Keerti Melkote sold 102,284 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $15.94, for a total transaction of $1,630,406.96. Following the sale, the insider now directly owns 102,284 shares in the company, valued at approximately $1,630,406.96. The disclosure for this sale can be found here. Insiders have sold a total of 787,988 shares of company stock worth $12,972,468 over the last three months. 1.18% of the stock is currently owned by insiders.

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Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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