Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by Swiss National Bank

Swiss National Bank raised its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 0.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,857,800 shares of the technology company’s stock after buying an additional 8,700 shares during the quarter. Swiss National Bank’s holdings in Hewlett Packard Enterprise were worth $78,931,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Claro Advisors LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth about $324,000. Natixis Advisors LLC lifted its stake in shares of Hewlett Packard Enterprise by 67.9% during the third quarter. Natixis Advisors LLC now owns 986,285 shares of the technology company’s stock valued at $20,179,000 after buying an additional 399,007 shares during the period. Mizuho Markets Americas LLC acquired a new stake in Hewlett Packard Enterprise during the third quarter worth approximately $105,185,000. Valley Wealth Managers Inc. purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter worth approximately $26,000. Finally, Empirical Finance LLC raised its holdings in Hewlett Packard Enterprise by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 44,509 shares of the technology company’s stock valued at $911,000 after acquiring an additional 925 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total value of $1,643,346.48. Following the completion of the sale, the chief executive officer now owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeremy Cox sold 7,770 shares of the stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total transaction of $163,170.00. Following the transaction, the senior vice president now owns 7,771 shares in the company, valued at $163,191. This trade represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 426,012 shares of company stock worth $8,599,617 in the last quarter. 0.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on HPE. UBS Group raised their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Loop Capital lifted their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a report on Monday, September 9th. Barclays upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $20.00 to $24.00 in a report on Wednesday, September 25th. Citigroup boosted their target price on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Susquehanna reaffirmed a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $22.21.

Hewlett Packard Enterprise Trading Up 0.7 %

NYSE:HPE opened at $21.52 on Wednesday. The business’s 50-day moving average is $20.06 and its two-hundred day moving average is $19.53. The firm has a market capitalization of $27.95 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 3.27 and a beta of 1.19. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. The business had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The company’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. Research analysts predict that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 19th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 37.14%.

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.