Livforsakringsbolaget Skandia Omsesidigt Has $89,000 Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 82.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,190 shares of the technology company’s stock after buying an additional 2,339 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Hewlett Packard Enterprise were worth $89,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc raised its holdings in shares of Hewlett Packard Enterprise by 16.0% in the second quarter. IFP Advisors Inc now owns 4,241 shares of the technology company’s stock valued at $71,000 after purchasing an additional 584 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Hewlett Packard Enterprise by 7.6% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 9,391 shares of the technology company’s stock worth $159,000 after buying an additional 666 shares during the last quarter. Montgomery Investment Management Inc. increased its holdings in Hewlett Packard Enterprise by 2.9% during the fourth quarter. Montgomery Investment Management Inc. now owns 24,950 shares of the technology company’s stock worth $424,000 after buying an additional 700 shares during the last quarter. IMPACTfolio LLC increased its holdings in Hewlett Packard Enterprise by 5.3% during the fourth quarter. IMPACTfolio LLC now owns 13,963 shares of the technology company’s stock worth $237,000 after buying an additional 705 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Hewlett Packard Enterprise by 3.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 20,155 shares of the technology company’s stock worth $322,000 after purchasing an additional 712 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Down 1.5 %

Shares of NYSE HPE opened at $16.79 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. The company has a market cap of $21.82 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 3.15 and a beta of 1.21. Hewlett Packard Enterprise has a 12 month low of $13.65 and a 12 month high of $20.07. The stock has a 50-day moving average price of $16.87 and a two-hundred day moving average price of $16.41.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Thursday, February 29th. The technology company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $7.09 billion. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The business’s quarterly revenue was down 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 earnings per share. As a group, analysts forecast that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.10%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s payout ratio is 35.86%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Barclays reduced their target price on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. Sanford C. Bernstein cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $20.00 to $17.00 in a research report on Tuesday, January 16th. Wells Fargo & Company boosted their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Evercore ISI reduced their target price on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating for the company in a research report on Friday, March 1st. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.91.

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.