Baader Bank Aktiengesellschaft Has $637,000 Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• Baader Bank Aktiengesellschaft increased its stake in Hewlett Packard Enterprise Company by 151.1%, acquiring an additional 18,738 shares and bringing its total holdings to 31,137 shares, valued at approximately $637,000.
• Several analysts have upgraded their ratings on HPE shares, with Morgan Stanley raising its price target from $22.00 to $28.00 and Raymond James increasing it from $29.00 to $30.00.
• Hewlett Packard Enterprise recently declared a quarterly dividend of $0.13 per share, with an annualized yield of 2.1%, impacting investors of record on September 18th.

Baader Bank Aktiengesellschaft lifted its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 151.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,137 shares of the technology company's stock after acquiring an additional 18,738 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Hewlett Packard Enterprise were worth $637,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Putney Financial Group LLC bought a new stake in Hewlett Packard Enterprise during the fourth quarter worth approximately $25,000. Alpine Bank Wealth Management bought a new stake in Hewlett Packard Enterprise during the first quarter worth approximately $25,000. Bruce G. Allen Investments LLC raised its holdings in shares of Hewlett Packard Enterprise by 345.0% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after purchasing an additional 1,318 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in Hewlett Packard Enterprise during the first quarter valued at approximately $27,000. Finally, Hara Capital LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter valued at approximately $28,000. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE traded up $0.26 during midday trading on Monday, reaching $25.25. 4,955,895 shares of the company's stock were exchanged, compared to its average volume of 19,311,570. The company's 50 day simple moving average is $21.98 and its two-hundred day simple moving average is $18.70. The firm has a market capitalization of $33.32 billion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 2.57 and a beta of 1.43. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $25.35. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 0.95.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 63.41%.

Analyst Ratings Changes

HPE has been the subject of several recent research reports. UBS Group increased their target price on shares of Hewlett Packard Enterprise from $18.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, September 4th. Loop Capital increased their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Monday, June 9th. Susquehanna upped their price target on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the company a "neutral" rating in a research report on Thursday, September 4th. Wells Fargo & Company lifted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 4th. Finally, Sanford C. Bernstein initiated coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, September 16th. They set a "market perform" rating and a $24.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $24.81.

Insider Activity

In related news, Director Gary M. Reiner sold 40,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the transaction, the director directly owned 83,869 shares of the company's stock, valued at $2,061,500.02. This trade represents a 32.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the transaction, the chief executive officer directly owned 1,919,060 shares of the company's stock, valued at $43,217,231.20. This represents a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 668,590 shares of company stock valued at $15,265,033. Company insiders own 0.36% of the company's stock.

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.