Handelsbanken Fonder AB Boosts Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Handelsbanken Fonder AB raised its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 82.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 603,166 shares of the technology company’s stock after buying an additional 272,232 shares during the quarter. Handelsbanken Fonder AB’s holdings in Hewlett Packard Enterprise were worth $10,242,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HPE. Bank of Nova Scotia boosted its holdings in Hewlett Packard Enterprise by 276.8% in the 3rd quarter. Bank of Nova Scotia now owns 2,302,065 shares of the technology company’s stock worth $39,987,000 after acquiring an additional 1,691,083 shares during the period. Citigroup Inc. boosted its holdings in Hewlett Packard Enterprise by 70.2% in the 3rd quarter. Citigroup Inc. now owns 3,550,595 shares of the technology company’s stock worth $61,674,000 after acquiring an additional 1,464,650 shares during the period. DNB Asset Management AS boosted its holdings in Hewlett Packard Enterprise by 261.6% in the 4th quarter. DNB Asset Management AS now owns 2,015,451 shares of the technology company’s stock worth $34,222,000 after acquiring an additional 1,458,034 shares during the period. Royal Bank of Canada boosted its holdings in Hewlett Packard Enterprise by 72.1% in the 3rd quarter. Royal Bank of Canada now owns 3,449,034 shares of the technology company’s stock worth $59,910,000 after acquiring an additional 1,445,045 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Hewlett Packard Enterprise by 10.0% in the 3rd quarter. AQR Capital Management LLC now owns 14,395,647 shares of the technology company’s stock worth $250,052,000 after acquiring an additional 1,309,878 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on HPE. Wells Fargo & Company upped their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. Sanford C. Bernstein cut Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $20.00 to $17.00 in a research note on Tuesday, January 16th. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Morgan Stanley increased their target price on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Finally, Barclays reduced their target price on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $17.91.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $16.93 on Thursday. Hewlett Packard Enterprise has a 12-month low of $13.65 and a 12-month high of $20.07. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.63. The business’s fifty day moving average price is $16.96 and its 200 day moving average price is $16.40. The stock has a market capitalization of $22.01 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 3.11 and a beta of 1.21.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.09 billion. During the same period last year, the company earned $0.38 earnings per share. The firm’s revenue for the quarter was down 13.5% on a year-over-year basis. Equities research analysts forecast that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio is presently 35.86%.

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.