B. Metzler seel. Sohn & Co. AG Has $2.36 Million Stake in Hewlett Packard Enterprise Company $HPE

Key Points

• B. Metzler seel. Sohn & Co. AG increased its holdings in Hewlett Packard Enterprise (HPE) by 11.6%, owning 152,806 shares valued at approximately $2.36 million.
• Hewlett Packard Enterprise reported $0.38 earnings per share for the quarter, surpassing estimates of $0.33, with a revenue of $7.63 billion.
• The company declared a quarterly dividend of $0.13 per share, resulting in an annualized dividend yield of 2.2% and a payout ratio of 52.53%.

B. Metzler seel. Sohn & Co. AG lifted its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 11.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,806 shares of the technology company's stock after buying an additional 15,838 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Hewlett Packard Enterprise were worth $2,358,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC lifted its position in shares of Hewlett Packard Enterprise by 3.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 32,028 shares of the technology company's stock valued at $684,000 after acquiring an additional 976 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter worth about $671,000. Northern Trust Corp boosted its position in shares of Hewlett Packard Enterprise by 24.7% in the fourth quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock worth $345,534,000 after buying an additional 3,208,424 shares during the period. Lido Advisors LLC raised its holdings in shares of Hewlett Packard Enterprise by 1.0% during the 4th quarter. Lido Advisors LLC now owns 71,024 shares of the technology company's stock valued at $1,526,000 after buying an additional 691 shares during the period. Finally, Freestone Grove Partners LP purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $60,040,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on HPE. Morgan Stanley upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $22.00 to $28.00 in a research note on Thursday, August 21st. Wall Street Zen upgraded Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. Wolfe Research initiated coverage on Hewlett Packard Enterprise in a report on Tuesday, July 8th. They issued a "peer perform" rating for the company. JPMorgan Chase & Co. initiated coverage on Hewlett Packard Enterprise in a report on Thursday, July 17th. They issued an "overweight" rating and a $30.00 price target for the company. Finally, Barclays boosted their price target on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $23.33.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $18.44, for a total transaction of $1,264,799.60. The sale was disclosed in a document filed with the SEC, which is available 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 transaction, the executive vice president directly owned 42,427 shares in the company, valued at $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 378,590 shares of company stock valued at $8,106,833 over the last three months. Company insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE traded down $0.02 during midday trading on Tuesday, reaching $22.55. The stock had a trading volume of 17,121,746 shares, compared to its average volume of 18,799,898. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week 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. The firm's 50 day moving average price is $20.88 and its 200-day moving average price is $18.32. The company has a market capitalization of $29.59 billion, a P/E ratio of 22.77, a P/E/G ratio of 3.28 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, topping 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 company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.51 billion. During the same quarter in the previous year, the business earned $0.42 EPS. The company's quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.3%. Hewlett Packard Enterprise's payout ratio is 52.53%.

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.