Fjarde AP Fonden Fourth Swedish National Pension Fund Reduces Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 19.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 358,060 shares of the technology company’s stock after selling 87,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Hewlett Packard Enterprise were worth $7,645,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Eagle Asset Management Inc. increased its stake in shares of Hewlett Packard Enterprise by 3,537.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock worth $127,571,000 after purchasing an additional 5,629,006 shares in the last quarter. Mizuho Markets Americas LLC bought a new stake in Hewlett Packard Enterprise during the third quarter valued at about $105,185,000. Pacer Advisors Inc. increased its position in Hewlett Packard Enterprise by 18.1% in the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after buying an additional 4,194,213 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Hewlett Packard Enterprise by 35.1% in the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock worth $155,142,000 after buying an additional 1,885,559 shares during the period. Finally, National Bank of Canada FI grew its stake in shares of Hewlett Packard Enterprise by 61.6% during the 3rd quarter. National Bank of Canada FI now owns 3,504,681 shares of the technology company’s stock valued at $71,706,000 after acquiring an additional 1,335,318 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,771 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the sale, the senior vice president now directly owns 61,735 shares in the company, valued at $1,419,905. This represents a 11.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the completion of the transaction, the executive vice president now owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock worth $7,300,629 over the last 90 days. 0.36% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HPE has been the topic of several analyst reports. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the company from $23.00 to $26.00 in a report on Friday, December 6th. Stifel Nicolaus lifted their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. StockNews.com cut Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Thursday, December 19th. Finally, Barclays increased their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $20.75 on Tuesday. The company has a market cap of $27.25 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 2.03 and a beta of 1.19. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $24.66. The stock’s 50 day simple moving average is $21.93 and its two-hundred day simple moving average is $20.69. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is 27.37%.

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.