Hewlett Packard Enterprise Company $HPE Shares Purchased by Commerzbank Aktiengesellschaft FI

Key Points

• Commerzbank Aktiengesellschaft FI boosted its holdings in Hewlett Packard Enterprise (HPE) by 9.5%, now owning 147,327 shares valued at approximately $3.01 million.
• The company announced a quarterly dividend of $0.13 per share, payable on October 17th, representing a 2.0% yield for shareholders.
• Recent upgrades by analysts saw price targets for HPE raised, with Morgan Stanley increasing its target from $22.00 to $28.00 and multiple firms maintaining positive outlooks.

Commerzbank Aktiengesellschaft FI lifted its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 9.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 147,327 shares of the technology company's stock after purchasing an additional 12,727 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Hewlett Packard Enterprise were worth $3,013,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in HPE. Farther Finance Advisors LLC lifted its stake in Hewlett Packard Enterprise by 2.3% in the first quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock worth $492,000 after acquiring an additional 699 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Hewlett Packard Enterprise by 90.6% in the first quarter. Harbor Capital Advisors Inc. now owns 29,055 shares of the technology company's stock worth $448,000 after acquiring an additional 13,813 shares during the last quarter. GAMMA Investing LLC lifted its stake in Hewlett Packard Enterprise by 14.4% in the first quarter. GAMMA Investing LLC now owns 17,760 shares of the technology company's stock worth $274,000 after acquiring an additional 2,239 shares during the last quarter. Simplicity Wealth LLC lifted its stake in Hewlett Packard Enterprise by 10.2% in the first quarter. Simplicity Wealth LLC now owns 11,548 shares of the technology company's stock worth $178,000 after acquiring an additional 1,070 shares during the last quarter. Finally, Avanza Fonder AB lifted its stake in Hewlett Packard Enterprise by 11.0% in the first quarter. Avanza Fonder AB now owns 133,712 shares of the technology company's stock worth $2,155,000 after acquiring an additional 13,218 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 40,000 shares of the business's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $24.58, for a total value of $983,200.00. Following the transaction, the director directly owned 83,869 shares of the company's stock, valued at approximately $2,061,500.02. The trade was a 32.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of the business's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $25.12, for a total transaction of $93,898.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 543,738 shares of company stock valued at $12,922,932. 0.36% of the stock is owned by company insiders.

Hewlett Packard Enterprise Stock Up 0.6%

HPE stock opened at $26.23 on Friday. 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 company has a market cap of $34.61 billion, a price-to-earnings ratio of 31.99, a price-to-earnings-growth ratio of 2.72 and a beta of 1.45. The company has a fifty day moving average price of $23.13 and a 200 day moving average price of $19.53. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $26.44.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 18th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, September 18th. Hewlett Packard Enterprise's payout ratio is currently 63.41%.

Analyst Upgrades and Downgrades

HPE has been the subject of a number of recent research reports. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $22.00 to $28.00 in a research note on Thursday, August 21st. Wells Fargo & Company boosted 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. Barclays boosted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of "Hold" and a consensus price target of $25.06.

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.

Want to see what other hedge funds are holding HPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hewlett Packard Enterprise Company (NYSE:HPE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.