ING Groep NV Lowers Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

ING Groep NV lessened its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 47.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,867 shares of the technology company’s stock after selling 148,952 shares during the quarter. ING Groep NV’s holdings in Hewlett Packard Enterprise were worth $3,541,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in Hewlett Packard Enterprise during the third quarter worth about $25,000. Valley Wealth Managers Inc. purchased a new position in Hewlett Packard Enterprise during the third quarter worth about $26,000. Hara Capital LLC purchased a new position in Hewlett Packard Enterprise during the fourth quarter worth about $28,000. Financial Management Professionals Inc. boosted its stake in Hewlett Packard Enterprise by 80.3% during the third 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 during the period. Finally, Tandem Financial LLC purchased a new position in Hewlett Packard Enterprise during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on HPE shares. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Thursday, December 19th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and raised their price objective for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Barclays raised their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, StockNews.com downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Six research 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Insider Activity

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value of $5,682,125.16. Following the transaction, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the transaction, the senior vice president now directly owns 48,615 shares in the company, valued at $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 332,166 shares of company stock valued at $7,300,629 in the last ninety days. 0.36% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $21.17 on Friday. The firm’s fifty day simple moving average is $21.95 and its 200-day simple moving average is $20.61. The stock 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 has a 12 month low of $14.47 and a 12 month high of $24.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.46%. 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.