Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 33,921 Shares of Hewlett Packard Enterprise Co (HPE)

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its stake in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 7.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 414,126 shares of the technology company’s stock after selling 33,921 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Hewlett Packard Enterprise were worth $6,754,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of Hewlett Packard Enterprise by 1.7% in the second quarter. BlackRock Inc. now owns 99,730,532 shares of the technology company’s stock worth $1,457,065,000 after acquiring an additional 1,626,048 shares in the last quarter. LSV Asset Management lifted its stake in shares of Hewlett Packard Enterprise by 26.1% in the third quarter. LSV Asset Management now owns 19,860,982 shares of the technology company’s stock worth $323,932,000 after acquiring an additional 4,108,350 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Hewlett Packard Enterprise by 2.8% in the second quarter. Northern Trust Corp now owns 18,372,430 shares of the technology company’s stock worth $268,421,000 after acquiring an additional 499,693 shares in the last quarter. Boston Partners lifted its stake in shares of Hewlett Packard Enterprise by 67.2% in the second quarter. Boston Partners now owns 13,969,750 shares of the technology company’s stock worth $204,098,000 after acquiring an additional 5,615,283 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Hewlett Packard Enterprise by 10.9% in the third quarter. Bank of New York Mellon Corp now owns 12,535,270 shares of the technology company’s stock worth $204,450,000 after acquiring an additional 1,229,369 shares in the last quarter. Institutional investors own 80.27% of the company’s stock.

Several research firms recently commented on HPE. Deutsche Bank boosted their price target on Hewlett Packard Enterprise from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, August 29th. Raymond James cut their price target on Hewlett Packard Enterprise from $21.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th. 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. Zacks Investment Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Thursday, August 30th. Finally, Sanford C. Bernstein lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $20.00 to $18.00 in a report on Tuesday, August 21st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus price target of $18.43.

In other news, insider Antonio F. Neri sold 82,893 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $17.00, for a total transaction of $1,409,181.00. Following the completion of the transaction, the insider now directly owns 87,828 shares of the company’s stock, valued at $1,493,076. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Timothy C. Stonesifer sold 479,142 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $16.57, for a total value of $7,939,382.94. Following the transaction, the chief financial officer now directly owns 637,868 shares of the company’s stock, valued at $10,569,472.76. The disclosure for this sale can be found here. Insiders have sold 664,319 shares of company stock valued at $10,978,971 over the last ninety days. Corporate insiders own 1.18% of the company’s stock.

Shares of Hewlett Packard Enterprise stock opened at $14.70 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.00 and a quick ratio of 0.84. The stock has a market capitalization of $21.63 billion, a P/E ratio of 15.31, a PEG ratio of 0.84 and a beta of 1.61. Hewlett Packard Enterprise Co has a fifty-two week low of $12.81 and a fifty-two week high of $19.48.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, August 28th. The technology company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The firm had revenue of $7.76 billion during the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 9.38% and a net margin of 10.43%. Hewlett Packard Enterprise’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 earnings per share. Equities research analysts anticipate that Hewlett Packard Enterprise Co will post 1.53 earnings per share for the current fiscal 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 issued a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 3.06%. The ex-dividend date is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio is currently 46.88%.

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Hewlett Packard Enterprise Company 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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