Swiss National Bank Has $68.12 Million Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Swiss National Bank trimmed its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,011,600 shares of the technology company’s stock after selling 142,300 shares during the period. Swiss National Bank’s holdings in Hewlett Packard Enterprise were worth $68,117,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HPE. Raymond James & Associates lifted its holdings in Hewlett Packard Enterprise by 61.1% during the 3rd quarter. Raymond James & Associates now owns 823,950 shares of the technology company’s stock worth $14,312,000 after buying an additional 312,442 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Hewlett Packard Enterprise by 2.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 636,802 shares of the technology company’s stock valued at $11,061,000 after acquiring an additional 16,121 shares during the period. Stratos Wealth Partners LTD. bought a new position in Hewlett Packard Enterprise in the third quarter valued at about $285,000. Independent Advisor Alliance acquired a new stake in Hewlett Packard Enterprise in the third quarter worth about $191,000. Finally, Bailard Inc. lifted its position in Hewlett Packard Enterprise by 26.8% during the 3rd quarter. Bailard Inc. now owns 30,522 shares of the technology company’s stock valued at $530,000 after purchasing an additional 6,443 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 18,323 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total value of $310,758.08. Following the sale, the senior vice president now directly owns 15,541 shares of the company’s stock, valued at approximately $263,575.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on HPE shares. Evercore ISI reduced their target price on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a research note on Friday, March 1st. StockNews.com cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Sanford C. Bernstein downgraded Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and cut their price target for the company from $20.00 to $17.00 in a research note on Tuesday, January 16th. Barclays decreased their price objective 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. Finally, Wells Fargo & Company upped their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of “Hold” and an average price target of $17.91.

Hewlett Packard Enterprise Price Performance

HPE opened at $16.86 on Monday. The company has a fifty day simple moving average of $17.22 and a 200 day simple moving average of $16.40. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. The stock has a market cap of $21.92 billion, a P/E ratio of 11.63, a P/E/G ratio of 3.12 and a beta of 1.20. Hewlett Packard Enterprise has a 12 month low of $13.65 and a 12 month high of $20.07.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.09 billion. During the same quarter last year, the firm posted $0.38 earnings per share. Hewlett Packard Enterprise’s revenue was down 13.5% compared to the same quarter last year. On average, research analysts expect that Hewlett Packard Enterprise will post 1.4 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 35.86%.

Hewlett Packard Enterprise 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.