DekaBank Deutsche Girozentrale Trims Holdings in Hewlett Packard Enterprise Company (NYSE:HPE)

DekaBank Deutsche Girozentrale reduced its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,006,298 shares of the technology company's stock after selling 26,395 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.08% of Hewlett Packard Enterprise worth $15,560,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in HPE. Putney Financial Group LLC acquired a new position in Hewlett Packard Enterprise in the fourth quarter worth $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 boosted its holdings 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. 80.78% of the stock is owned by institutional investors.

Hewlett Packard Enterprise Stock Performance

HPE traded down $0.57 during trading on Friday, hitting $20.72. The stock had a trading volume of 20,877,305 shares, compared to its average volume of 17,039,490. The company has a 50 day moving average price of $18.28 and a 200-day moving average price of $18.61. The firm has a market cap of $27.19 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 3.07 and a beta of 1.35. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $24.66. 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 - Get Free Report) last released its earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same period in the prior year, the company posted $0.42 EPS. The company's revenue was up 5.9% compared to the same quarter last year. As a group, research analysts predict that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be issued a $0.13 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.51%. Hewlett Packard Enterprise's dividend payout ratio is presently 52.53%.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 68,590 shares of Hewlett Packard Enterprise 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise 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 transaction, the executive vice president owned 42,427 shares of the company's stock, valued at approximately $871,450.58. This trade represents a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,590 shares of company stock worth $2,436,000 over the last quarter. 0.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on HPE. UBS Group increased their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Barclays increased their target price on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Evercore ISI raised their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock an "outperform" rating in a research report on Friday. Wells Fargo & Company raised their price target on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 3rd. Finally, Raymond James Financial raised their price target on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $22.15.

Hewlett Packard Enterprise Company 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.