MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Acquires Shares of 77,794 Hewlett Packard Enterprise Company $HPE

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH has acquired 77,794 shares of Hewlett Packard Enterprise Company (NYSE:HPE), valued at approximately $1.59 million.
• Wall Street analysts have raised target prices for HPE, with Goldman Sachs setting a new target of $25.00 and several firms giving it favorable ratings.
• Hewlett Packard Enterprise has announced a quarterly dividend of $0.13 per share, with a yield of 2.1% and a payout ratio of 63.41%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 77,794 shares of the technology company's stock, valued at approximately $1,591,000.

Several other hedge funds also recently added to or reduced their stakes in HPE. Ameriflex Group Inc. purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $31,000. Jefferies Financial Group Inc. purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $249,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $27,528,000. Centaurus Financial Inc. grew its stake in shares of Hewlett Packard Enterprise by 103.3% during the fourth quarter. Centaurus Financial Inc. now owns 15,391 shares of the technology company's stock valued at $329,000 after acquiring an additional 7,819 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at about $9,247,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HPE has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, September 4th. Bank of America raised their target price on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd. Citigroup raised their target price on Hewlett Packard Enterprise from $25.00 to $26.00 and gave the company a "buy" rating in a research note on Thursday, September 4th. Morgan Stanley upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $22.00 to $28.00 in a research note on Thursday, August 21st. Finally, Loop Capital raised their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Monday, June 9th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and a consensus target price of $24.81.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE opened at $24.21 on Friday. 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 50 day simple moving average of $22.31 and a 200-day simple moving average of $18.91. The company has a market cap of $31.94 billion, a PE ratio of 29.52, a P/E/G ratio of 2.51 and a beta of 1.43. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $25.36.

Hewlett Packard Enterprise Announces Dividend

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

Insiders Place Their Bets

In other news, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $20.54, for a total transaction of $616,200.00. Following the completion of the transaction, the executive vice president directly owned 42,427 shares in the company, valued at approximately $871,450.58. The trade was a 41.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gary M. Reiner sold 40,000 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $24.58, for a total value of $983,200.00. Following the completion of the sale, the director owned 83,869 shares of the company's stock, valued at $2,061,500.02. This trade represents a 32.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 573,738 shares of company stock valued at $13,539,132. Corporate insiders own 0.36% of the company's stock.

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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