DekaBank Deutsche Girozentrale Has $14.48 Million Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

DekaBank Deutsche Girozentrale increased its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 10.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 850,581 shares of the technology company's stock after buying an additional 83,205 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.07% of Hewlett Packard Enterprise worth $14,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of HPE. Authentikos Wealth Advisory LLC bought a new stake in Hewlett Packard Enterprise in the 3rd quarter worth approximately $31,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in Hewlett Packard Enterprise in the third quarter valued at approximately $33,000. Salem Investment Counselors Inc. lifted its position in Hewlett Packard Enterprise by 180.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company's stock valued at $33,000 after purchasing an additional 1,261 shares during the last quarter. First Manhattan Co. lifted its position in Hewlett Packard Enterprise by 89.4% in the first quarter. First Manhattan Co. now owns 2,413 shares of the technology company's stock valued at $40,000 after purchasing an additional 1,139 shares during the last quarter. Finally, Pacific Center for Financial Services bought a new stake in Hewlett Packard Enterprise in the first quarter valued at approximately $44,000. Institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Down 0.7 %

HPE stock traded down $0.13 during midday trading on Tuesday, hitting $18.01. The stock had a trading volume of 10,641,461 shares, compared to its average volume of 15,486,248. The firm has a market cap of $23.41 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 3.33 and a beta of 1.21. The business has a 50-day moving average of $16.51 and a two-hundred day moving average of $16.38. Hewlett Packard Enterprise has a 52-week low of $13.65 and a 52-week high of $20.07. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.63.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $6.76 billion for the quarter, compared to analysts' expectations of $7.09 billion. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The firm's revenue for the quarter was down 13.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 earnings per share. As a group, equities research analysts forecast that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 15th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.89%. The ex-dividend date is Thursday, March 14th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is 35.86%.

Analysts Set New Price Targets

Several brokerages have weighed in on HPE. Stifel Nicolaus lowered their price objective on Hewlett Packard Enterprise from $20.00 to $18.00 and set a "buy" rating for the company in a research report on Friday, March 1st. Sanford C. Bernstein downgraded Hewlett Packard Enterprise from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $20.00 to $17.00 in a research report on Tuesday, January 16th. Wells Fargo & Company reissued an "equal weight" rating and set a $17.00 target price (down from $21.00) on shares of Hewlett Packard Enterprise in a research note on Friday, March 1st. Evercore ISI reduced their target price on Hewlett Packard Enterprise from $19.00 to $18.00 and set an "in-line" rating on the stock in a research note on Friday, March 1st. Finally, StockNews.com raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating in a research note on Wednesday, April 3rd. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $17.45.

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.