Deutsche Bank AG decreased its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 17.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,083,806 shares of the technology company's stock after selling 2,142,751 shares during the quarter. Deutsche Bank AG owned 0.77% of Hewlett Packard Enterprise worth $215,289,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hara Capital LLC bought a new position in Hewlett Packard Enterprise during the 4th quarter worth approximately $28,000. Tandem Financial LLC acquired a new stake in Hewlett Packard Enterprise in the fourth quarter worth $32,000. Conquis Financial LLC bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth $41,000. R Squared Ltd acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at $45,000. Finally, Tompkins Financial Corp increased its position in shares of Hewlett Packard Enterprise by 397.9% in the 4th quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company's stock valued at $61,000 after buying an additional 2,300 shares in the last quarter. Institutional investors own 80.78% of the company's stock.
Insider Activity at Hewlett Packard Enterprise
In other news, Director Bethany Mayer sold 6,409 shares of the firm's 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is currently owned by company insiders.
Analyst Ratings Changes
HPE has been the subject of a number of research analyst reports. Susquehanna decreased their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Loop Capital lowered their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research note on Monday, March 10th. Barclays cut their price target on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Bank of America lowered their price objective on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Finally, StockNews.com cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $20.60.
Check Out Our Latest Stock Report on Hewlett Packard Enterprise
Hewlett Packard Enterprise Price Performance
Shares of HPE opened at $16.84 on Friday. The company has a market cap of $22.12 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 2.03 and a beta of 1.29. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company's fifty day simple moving average is $15.54 and its 200 day simple moving average is $19.45. Hewlett Packard Enterprise has a 1-year low of $11.97 and a 1-year high of $24.66.
Hewlett Packard Enterprise Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were issued a $0.13 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.09%. Hewlett Packard Enterprise's payout ratio is 25.37%.
Hewlett Packard Enterprise Company Profile
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Free Report)
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.
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