Hewlett Packard Enterprise Company $HPE Shares Purchased by Czech National Bank

Key Points

• Czech National Bank increased its stake in Hewlett Packard Enterprise (HPE) by 6.4%, bringing its total ownership to 321,085 shares valued at approximately $6.57 million.
• Hewlett Packard Enterprise plans to pay a quarterly dividend of $0.13 per share, representing a dividend yield of 2.1%.
• Recent analyst ratings for HPE include upgraded price targets, with Evercore ISI raising it to $28.00 and several analysts issuing a generally favorable investment outlook.

Czech National Bank increased its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 6.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 321,085 shares of the technology company's stock after purchasing an additional 19,415 shares during the period. Czech National Bank's holdings in Hewlett Packard Enterprise were worth $6,566,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. State of Wyoming increased its stake in Hewlett Packard Enterprise by 37.2% in the 4th quarter. State of Wyoming now owns 6,404 shares of the technology company's stock worth $137,000 after acquiring an additional 1,738 shares during the last quarter. Vident Advisory LLC increased its position in shares of Hewlett Packard Enterprise by 1.3% during the 4th quarter. Vident Advisory LLC now owns 129,933 shares of the technology company's stock valued at $2,774,000 after purchasing an additional 1,709 shares during the last quarter. Waverly Advisors LLC bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at approximately $281,000. USS Investment Management Ltd increased its position in shares of Hewlett Packard Enterprise by 211.7% during the 4th quarter. USS Investment Management Ltd now owns 328,251 shares of the technology company's stock valued at $7,010,000 after purchasing an additional 222,951 shares during the last quarter. Finally, Elequin Capital LP bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at approximately $37,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Antonio F. Neri sold 166,666 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 12th. The stock was sold at an average price of $25.03, for a total value of $4,171,649.98. Following the completion of the sale, the chief executive officer directly owned 1,585,726 shares of the company's stock, valued at approximately $39,690,721.78. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 sale, the executive vice president directly owned 42,427 shares of the company's stock, 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 sold 668,590 shares of company stock worth $15,265,033 in the last three months. 0.36% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HPE shares. Deutsche Bank Aktiengesellschaft upped their price objective on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Wall Street Zen raised Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Sanford C. Bernstein initiated coverage on Hewlett Packard Enterprise in a research report on Tuesday, September 16th. They issued a "market perform" rating and a $24.00 price objective on the stock. UBS Group increased their price target on Hewlett Packard Enterprise from $18.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, September 4th. Finally, The Goldman Sachs Group lifted their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.81.

Hewlett Packard Enterprise Trading Down 1.0%

Hewlett Packard Enterprise stock traded down $0.25 during trading on Friday, reaching $24.99. 32,894,671 shares of the company were exchanged, compared to its average volume of 22,789,748. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $25.35. The company has a market capitalization of $32.97 billion, a P/E ratio of 30.48, a PEG ratio of 2.57 and a beta of 1.43. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.69. The stock's 50 day simple moving average is $21.98 and its two-hundred day simple moving average is $18.69.

Hewlett Packard Enterprise Announces Dividend

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

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.