ING Groep NV Decreases Stake in Hewlett Packard Enterprise (NYSE:HPE)

ING Groep NV reduced its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 47.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 165,867 shares of the technology company’s stock after selling 148,952 shares during the period. ING Groep NV’s holdings in Hewlett Packard Enterprise were worth $3,541,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth about $26,000. Hara Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth about $28,000. Financial Management Professionals Inc. boosted its position in shares of Hewlett Packard Enterprise by 80.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after buying an additional 637 shares in the last quarter. Finally, Tandem Financial LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth about $32,000. 80.78% of the stock is currently owned by hedge funds and other 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 stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $23.00, for a total value of $178,733.00. Following the completion of the sale, the senior vice president now owns 61,735 shares of the company’s stock, valued at $1,419,905. This trade represents a 11.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the sale, the director now directly owns 104,192 shares of the company’s stock, valued at $2,445,386.24. The trade was a 32.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock valued at $7,300,629 over the last 90 days. 0.36% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Trading Down 2.6 %

NYSE HPE opened at $21.17 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $24.66. The company’s 50 day moving average price is $21.95 and its 200 day moving average price is $20.61. The firm has a market capitalization of $27.80 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 2.03 and a beta of 1.19.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 27.37%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of 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. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Barclays raised their price target on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Loop Capital raised their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, StockNews.com cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $24.00.

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.