Nordea Investment Management AB lifted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE – Free Report) by 35.1% during the 4th quarter, HoldingsChannel reports. The firm owned 7,253,035 shares of the technology company’s stock after acquiring an additional 1,885,559 shares during the period. Nordea Investment Management AB’s holdings in Hewlett Packard Enterprise were worth $155,142,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Moloney Securities Asset Management LLC bought a new stake in shares of Hewlett Packard Enterprise during the third quarter worth $861,000. CHICAGO TRUST Co NA grew its position in Hewlett Packard Enterprise by 67.8% during the 3rd quarter. CHICAGO TRUST Co NA now owns 90,826 shares of the technology company’s stock worth $1,858,000 after acquiring an additional 36,704 shares during the last quarter. National Pension Service increased its holdings in Hewlett Packard Enterprise by 17.3% in the 3rd quarter. National Pension Service now owns 3,202,752 shares of the technology company’s stock worth $65,528,000 after purchasing an additional 472,885 shares in the last quarter. HighTower Advisors LLC raised its position in Hewlett Packard Enterprise by 110.8% in the third quarter. HighTower Advisors LLC now owns 299,743 shares of the technology company’s stock valued at $6,102,000 after purchasing an additional 157,561 shares during the last quarter. Finally, Oddo BHF Asset Management Sas bought a new position in Hewlett Packard Enterprise in the third quarter valued at about $1,915,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, EVP John F. Schultz sold 262,818 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the sale, the executive vice president now owns 270,430 shares in the company, valued at $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the completion of the transaction, the senior vice president now owns 61,735 shares in the company, valued at approximately $1,419,905. This represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 570,589 shares of company stock valued at $12,216,858. 0.40% of the stock is owned by company insiders.
Analyst Ratings Changes
View Our Latest Analysis on Hewlett Packard Enterprise
Hewlett Packard Enterprise Trading Up 4.8 %
NYSE:HPE opened at $22.86 on Tuesday. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.24. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $30.07 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 2.02 and a beta of 1.20. The firm has a fifty day simple moving average of $21.49 and a two-hundred day simple moving average of $20.21.
Hewlett Packard Enterprise Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, December 20th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is 27.37%.
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.
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