Raiffeisen Bank International AG Sells 54,296 Shares of Hewlett Packard Enterprise Company (NYSE:HPE)

Key Points

• Raiffeisen Bank International AG significantly reduced its stake in Hewlett Packard Enterprise by 90.8% in the first quarter, leaving it with only 5,477 shares valued at approximately $86,000.
• Despite Raiffeisen's cut, a number of other institutional investors have recently made investments in Hewlett Packard Enterprise, with over 80.78% of its stock currently held by hedge funds and other institutional investors.
• The company's recent quarterly earnings report showed an increase in revenue to $7.63 billion, surpassing the analysts' expectations, along with a dividend yield of 2.6% announced for stockholders.

Raiffeisen Bank International AG decreased its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 90.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,477 shares of the technology company's stock after selling 54,296 shares during the period. Raiffeisen Bank International AG's holdings in Hewlett Packard Enterprise were worth $86,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Putney Financial Group LLC bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth approximately $25,000. Alpine Bank Wealth Management bought a new position in shares of Hewlett Packard Enterprise in the first quarter worth approximately $25,000. Bruce G. Allen Investments LLC grew its holdings in shares of Hewlett Packard Enterprise by 345.0% in the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after purchasing an additional 1,318 shares during the last quarter. Hara Capital LLC bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth approximately $28,000. Finally, Ameriflex Group Inc. bought a new stake in Hewlett Packard Enterprise in the fourth quarter valued at $31,000. Institutional investors own 80.78% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on HPE. Citigroup began coverage on shares of Hewlett Packard Enterprise in a research report on Friday, July 25th. They issued a "buy" rating and a $25.00 target price for the company. Wall Street Zen raised shares of Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Barclays raised their target price 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. UBS Group raised their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley raised their target price on shares of Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 20th. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and an average price target of $22.87.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 68,590 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $18.44, for a total value of $1,264,799.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction dated 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 owned 42,427 shares in the company, valued at approximately $871,450.58. The trade was a 41.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,590 shares of company stock worth $2,436,000. 0.36% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Stock Up 2.2%

Shares of NYSE:HPE traded up $0.44 during midday trading on Friday, reaching $20.84. The company's stock had a trading volume of 15,198,651 shares, compared to its average volume of 15,082,482. The firm has a 50 day moving average of $19.61 and a 200-day moving average of $18.32. The firm has a market capitalization of $27.35 billion, a P/E ratio of 21.05, a PEG ratio of 3.00 and a beta of 1.37. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. The company had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. Hewlett Packard Enterprise's revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS. On average, research analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were paid a $0.13 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.5%. Hewlett Packard Enterprise's payout ratio is presently 52.53%.

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.