Vontobel Holding Ltd. Decreases Holdings in Hewlett Packard Enterprise Company (NYSE:HPE)

Vontobel Holding Ltd. trimmed its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 10.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,754,236 shares of the technology company's stock after selling 209,531 shares during the quarter. Vontobel Holding Ltd. owned 0.13% of Hewlett Packard Enterprise worth $27,068,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in HPE. Putney Financial Group LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $25,000. Alpine Bank Wealth Management purchased a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at about $25,000. Bruce G. Allen Investments LLC raised its position in shares of Hewlett Packard Enterprise by 345.0% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock valued at $26,000 after buying an additional 1,318 shares in the last quarter. Hara Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $28,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $31,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Hewlett Packard Enterprise

In other news, EVP Phil Mottram sold 30,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the sale, the executive vice president owned 42,427 shares of the company's stock, valued at approximately $871,450.58. This represents a 41.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeremy Cox sold 68,590 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $18.44, for a total transaction of $1,264,799.60. The disclosure for this sale can be found here. Insiders sold a total of 128,590 shares of company stock valued at $2,436,000 in the last ninety days. Corporate insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on HPE shares. Daiwa America cut shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Morgan Stanley upped their price target on shares of Hewlett Packard Enterprise from $14.00 to $22.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Raymond James Financial upped their price target on shares of Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a report on Wednesday, June 4th. Susquehanna cut their price target on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Finally, Bank of America upped their price target on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the company a "buy" rating in a report on Monday, June 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $21.85.

Hewlett Packard Enterprise Trading Up 0.3%

HPE stock traded up $0.07 during mid-day trading on Friday, reaching $21.32. The company had a trading volume of 12,296,572 shares, compared to its average volume of 16,804,224. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. The company has a market capitalization of $27.97 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 3.09 and a beta of 1.35. The firm has a 50 day moving average of $17.91 and a 200 day moving average of $18.61. 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 issued 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. The business had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.51 billion. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. On average, equities analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be given a $0.13 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.44%. Hewlett Packard Enterprise's payout ratio is presently 52.53%.

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.