Nordea Investment Management AB grew its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 16.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 151,790 shares of the technology company’s stock after purchasing an additional 20,889 shares during the quarter. Nordea Investment Management AB’s holdings in Hewlett Packard Enterprise were worth $2,233,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HPE. Dodge & Cox boosted its position in shares of Hewlett Packard Enterprise by 12.2% in the second quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock valued at $3,958,630,000 after acquiring an additional 25,852,541 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in Hewlett Packard Enterprise by 32.7% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock valued at $1,117,081,000 after purchasing an additional 16,592,308 shares during the last quarter. Pzena Investment Management LLC lifted its position in Hewlett Packard Enterprise by 69.7% during the third quarter. Pzena Investment Management LLC now owns 37,560,840 shares of the technology company’s stock valued at $552,520,000 after purchasing an additional 15,431,606 shares during the last quarter. Victory Capital Management Inc. lifted its position in Hewlett Packard Enterprise by 145.3% during the second quarter. Victory Capital Management Inc. now owns 10,266,112 shares of the technology company’s stock valued at $170,315,000 after purchasing an additional 6,081,628 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Hewlett Packard Enterprise by 40.4% during the second quarter. JPMorgan Chase & Co. now owns 15,073,920 shares of the technology company’s stock valued at $250,075,000 after purchasing an additional 4,339,462 shares during the last quarter. Hedge funds and other institutional investors own 83.46% of the company’s stock.

In other news, SVP Jeff T. Ricci sold 87,324 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $13.43, for a total value of $1,172,761.32. Following the sale, the senior vice president now directly owns 24,846 shares of the company’s stock, valued at $333,681.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alan Richard May sold 42,314 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $14.00, for a total value of $592,396.00. Following the completion of the sale, the executive vice president now directly owns 84,629 shares in the company, valued at $1,184,806. The disclosure for this sale can be found here. Insiders have sold 2,962,587 shares of company stock valued at $41,881,180 in the last ninety days. Corporate insiders own 0.87% of the company’s stock.

Several research analysts have commented on the stock. Jefferies Group reissued a “buy” rating and set a $17.50 price target (down from $22.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday, September 6th. Mizuho reissued a “hold” rating and set a $14.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, October 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $15.00 target price (down from $20.00) on shares of Hewlett Packard Enterprise in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, ValuEngine raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $16.86.

Shares of Hewlett Packard Enterprise Company (HPE) traded up $0.08 during midday trading on Thursday, reaching $14.16. The company’s stock had a trading volume of 7,091,000 shares, compared to its average volume of 12,254,297. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.01 and a current ratio of 1.13. The firm has a market capitalization of $22,457.60, a P/E ratio of 10.83, a PEG ratio of 2.37 and a beta of 2.48. Hewlett Packard Enterprise Company has a fifty-two week low of $12.81 and a fifty-two week high of $24.88.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.03. Hewlett Packard Enterprise had a return on equity of 7.70% and a net margin of 0.93%. The business had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.78 billion. During the same quarter last year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. analysts expect that Hewlett Packard Enterprise Company will post 1.19 EPS for the current year.

Hewlett Packard Enterprise declared that its Board of Directors has approved a stock buyback plan on Wednesday, October 18th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be issued a dividend of $0.075 per share. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. The ex-dividend date is Tuesday, December 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.12%. Hewlett Packard Enterprise’s payout ratio is 123.82%.

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Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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