Achmea Investment Management B.V. Sells 86,178 Shares of Hewlett Packard Enterprise Company (NYSE:HPE)

Achmea Investment Management B.V. lessened its holdings in Hewlett Packard Enterprise Company (NYSE:HPE) by 21.3% during the first quarter, HoldingsChannel.com reports. The fund owned 318,385 shares of the technology company’s stock after selling 86,178 shares during the period. Achmea Investment Management B.V.’s holdings in Hewlett Packard Enterprise were worth $4,913,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HPE. Putney Financial Group LLC bought a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $25,000. Alpine Bank Wealth Management bought a new position in Hewlett Packard Enterprise in the first quarter valued at about $25,000. Bruce G. Allen Investments LLC grew its position in Hewlett Packard Enterprise by 345.0% in the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company’s stock valued at $26,000 after acquiring an additional 1,318 shares during the last quarter. Hara Capital LLC bought a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $28,000. Finally, Ameriflex Group Inc. bought a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $31,000. Institutional investors own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

HPE has been the subject of a number of recent research reports. Morgan Stanley upped their target price on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 20th. Loop Capital upped their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Monday, June 9th. Bank of America lowered their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Evercore ISI raised Hewlett Packard Enterprise from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $17.00 to $22.00 in a research note on Tuesday, May 20th. Finally, Wells Fargo & Company upped their price objective on Hewlett Packard Enterprise from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 4th. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.31.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Phil Mottram sold 30,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $18.50, for a total transaction of $555,000.00. Following the transaction, the executive vice president now directly owns 72,427 shares in the company, valued at approximately $1,339,899.50. This represents a 29.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bethany Mayer sold 6,409 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $18.44 on Friday. The business’s 50 day simple moving average is $17.37 and its 200 day simple moving average is $18.63. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $24.66. The stock has a market capitalization of $24.19 billion, a PE ratio of 18.62, a PEG ratio of 2.68 and a beta of 1.31. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96.

Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The business had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.51 billion. During the same period in the prior year, the business posted $0.42 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. As a group, research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, June 18th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise’s payout ratio is presently 52.53%.

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.