Hewlett Packard Enterprise Company (NYSE:HPE) Shares Sold by Raiffeisen Bank International AG

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 cut its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 90.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,477 shares of the technology company's stock after selling 54,296 shares during the quarter. Raiffeisen Bank International AG's holdings in Hewlett Packard Enterprise were worth $86,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Forum Financial Management LP grew its holdings in shares of Hewlett Packard Enterprise by 2.2% during the fourth quarter. Forum Financial Management LP now owns 23,639 shares of the technology company's stock worth $505,000 after buying an additional 515 shares in the last quarter. Colonial Trust Co SC grew its holdings in Hewlett Packard Enterprise by 16.4% in the fourth quarter. Colonial Trust Co SC now owns 4,420 shares of the technology company's stock valued at $94,000 after purchasing an additional 622 shares during the period. Lido Advisors LLC grew its holdings in Hewlett Packard Enterprise by 1.0% in the fourth quarter. Lido Advisors LLC now owns 71,024 shares of the technology company's stock valued at $1,526,000 after purchasing an additional 691 shares during the period. Farther Finance Advisors LLC grew its holdings 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 valued at $492,000 after purchasing an additional 699 shares during the period. Finally, Louisiana State Employees Retirement System grew its holdings in Hewlett Packard Enterprise by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 70,600 shares of the technology company's stock valued at $1,089,000 after purchasing an additional 700 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. KeyCorp initiated coverage on shares of Hewlett Packard Enterprise in a report on Thursday, June 26th. They issued a "sector weight" rating for the company. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Bank of America boosted their target price on shares of Hewlett Packard Enterprise from $23.00 to $24.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, Barclays boosted their target price on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.87.

Hewlett Packard Enterprise Stock Up 2.2%

Shares of NYSE HPE traded up $0.44 during trading on Friday, reaching $20.84. 15,198,651 shares of the stock were exchanged, compared to its average volume of 15,082,482. The business's 50-day moving average price is $19.54 and its 200 day moving average price is $18.38. Hewlett Packard Enterprise Company has a twelve month low of $11.97 and a twelve month high of $24.66. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $27.35 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 2.94 and a beta of 1.37.

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

Hewlett Packard Enterprise Dividend Announcement

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

Insider Buying and Selling at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 68,590 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $18.44, for a total value of $1,264,799.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the completion of the sale, the executive vice president directly owned 42,427 shares in the company, valued at $871,450.58. This represents a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,590 shares of company stock worth $2,436,000 over the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

About Hewlett Packard Enterprise

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.