Mn Services Vermogensbeheer B.V. Purchases 8,500 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Mn Services Vermogensbeheer B.V. lifted its position in Hewlett Packard Enterprise (NYSE:HPE) by 1.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 506,800 shares of the technology company’s stock after acquiring an additional 8,500 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Hewlett Packard Enterprise were worth $10,820,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SRN Advisors LLC lifted its holdings in Hewlett Packard Enterprise by 54.1% during the 4th quarter. SRN Advisors LLC now owns 59,801 shares of the technology company’s stock valued at $1,277,000 after buying an additional 21,000 shares in the last quarter. NewEdge Wealth LLC lifted its holdings in Hewlett Packard Enterprise by 9.9% during the 4th quarter. NewEdge Wealth LLC now owns 135,858 shares of the technology company’s stock valued at $2,901,000 after buying an additional 12,253 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in Hewlett Packard Enterprise by 3.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 949,507 shares of the technology company’s stock valued at $20,272,000 after buying an additional 33,304 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in Hewlett Packard Enterprise by 145.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 77,042 shares of the technology company’s stock valued at $1,645,000 after buying an additional 45,605 shares in the last quarter. Finally, Quartz Partners LLC lifted its holdings in Hewlett Packard Enterprise by 4.0% during the 4th quarter. Quartz Partners LLC now owns 32,478 shares of the technology company’s stock valued at $693,000 after buying an additional 1,257 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Insiders Place Their Bets

In other news, EVP John F. Schultz sold 262,818 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were 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 of the company’s stock, valued at $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the sale, the senior vice president now directly owns 61,735 shares of the company’s stock, valued at $1,419,905. The trade was a 11.18 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 332,166 shares of company stock worth $7,300,629. Company insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HPE. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $23.00 to $26.00 in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Thursday, December 19th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $23.00 to $29.00 in a report on Monday, November 18th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. Finally, Loop Capital lifted their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Hewlett Packard Enterprise Stock Performance

NYSE:HPE opened at $19.82 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. The company has a fifty day moving average of $21.84 and a two-hundred day moving average of $20.72. The stock has a market capitalization of $26.03 billion, a PE ratio of 10.43, a P/E/G ratio of 2.03 and a beta of 1.19. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.37%.

About Hewlett Packard Enterprise

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.