J. Safra Sarasin Holding AG Decreases Stock Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• J. Safra Sarasin Holding AG has significantly decreased its stake in Hewlett Packard Enterprise by 75.5%, now holding 17,121 shares valued at $350,000 as of its latest SEC filing.
• Insider transactions revealed that Director Gary M. Reiner sold 40,000 shares on September 15th, representing a 32.29% decrease in his ownership of the stock.
• Several analysts have revised their price targets for Hewlett Packard Enterprise, with Raymond James boosting their target from $29.00 to $30.00, reflecting a positive outlook for the company's stock.

J. Safra Sarasin Holding AG decreased its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 75.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,121 shares of the technology company's stock after selling 52,674 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Hewlett Packard Enterprise were worth $350,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HPE. Merit Financial Group LLC raised its stake in Hewlett Packard Enterprise by 224.6% during the first quarter. Merit Financial Group LLC now owns 76,665 shares of the technology company's stock valued at $1,183,000 after purchasing an additional 53,044 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Hewlett Packard Enterprise by 24.0% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 46,497 shares of the technology company's stock valued at $717,000 after purchasing an additional 9,006 shares in the last quarter. Vest Financial LLC raised its stake in Hewlett Packard Enterprise by 367.7% during the first quarter. Vest Financial LLC now owns 126,061 shares of the technology company's stock valued at $1,945,000 after purchasing an additional 99,110 shares in the last quarter. Procyon Advisors LLC bought a new position in Hewlett Packard Enterprise during the first quarter valued at $571,000. Finally, Pines Wealth Management LLC increased its position in Hewlett Packard Enterprise by 14.3% during the first quarter. Pines Wealth Management LLC now owns 30,041 shares of the technology company's stock valued at $464,000 after acquiring an additional 3,766 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insider Transactions at Hewlett Packard Enterprise

In related news, Director Gary M. Reiner sold 40,000 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $24.58, for a total value of $983,200.00. Following the completion of the sale, the director directly owned 83,869 shares of the company's stock, valued at $2,061,500.02. This represents a 32.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maeve C. Culloty sold 3,738 shares of the company's stock in a transaction dated Tuesday, September 23rd. The stock was 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. Over the last ninety days, insiders have sold 543,738 shares of company stock worth $12,922,932. Insiders own 0.36% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Raymond James Financial boosted their price objective on shares of Hewlett Packard Enterprise from $29.00 to $30.00 and gave the company a "strong-buy" rating in a research report on Thursday, September 4th. Evercore ISI boosted their price objective on shares of Hewlett Packard Enterprise from $25.00 to $28.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. The Goldman Sachs Group boosted their price objective on shares of Hewlett Packard Enterprise from $25.00 to $27.00 and gave the company a "neutral" rating in a research report on Thursday. Wolfe Research assumed coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Finally, Sanford C. Bernstein assumed coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, September 16th. They set a "market perform" rating and a $24.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of "Hold" and an average price target of $24.94.

Hewlett Packard Enterprise Trading Down 0.2%

NYSE HPE opened at $24.43 on Friday. The company's 50-day moving average price is $22.76 and its 200-day moving average price is $19.30. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. The stock has a market cap of $32.23 billion, a PE ratio of 29.79, a PEG ratio of 2.55 and a beta of 1.45. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $25.36.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be issued a $0.13 dividend. The ex-dividend date is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.1%. Hewlett Packard Enterprise's dividend payout ratio is presently 63.41%.

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.

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