Hewlett Packard Enterprise Company (NYSE:HPE) Shares Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI increased its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 20.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 134,600 shares of the technology company's stock after purchasing an additional 22,562 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Hewlett Packard Enterprise were worth $2,077,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Putney Financial Group LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $25,000. Alpine Bank Wealth Management acquired a new position in shares of Hewlett Packard Enterprise during the first quarter worth about $25,000. Bruce G. Allen Investments LLC grew its position in shares of Hewlett Packard Enterprise by 345.0% during the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after buying an additional 1,318 shares in the last quarter. Hara Capital LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $28,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $31,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Price Performance

NYSE:HPE traded up $0.26 during trading hours on Friday, hitting $21.09. The company's stock had a trading volume of 14,175,513 shares, compared to its average volume of 17,129,379. The business's 50-day moving average is $18.67 and its two-hundred day moving average is $18.57. The company has a market capitalization of $27.67 billion, a PE ratio of 21.30, a PEG ratio of 3.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $24.66.

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

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.47%. The ex-dividend date was Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 52.53%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wolfe Research began coverage on Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. JPMorgan Chase & Co. began coverage on Hewlett Packard Enterprise in a report on Thursday. They issued an "overweight" rating and a $30.00 price target for the company. KeyCorp began coverage on Hewlett Packard Enterprise in a report on Thursday, June 26th. They issued a "sector weight" rating for the company. UBS Group upped their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Finally, Raymond James Financial upped their price target on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a report on Wednesday, June 4th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $22.71.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $18.44, for a total value of $1,264,799.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the sale, the executive vice president directly owned 42,427 shares in the company, valued at $871,450.58. This trade represents a 41.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,590 shares of company stock worth $2,436,000 in the last three months. 0.36% of the stock is owned by corporate insiders.

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.