B. Metzler seel. Sohn & Co. Holding AG Invests $4.35 Million in Hewlett Packard Enterprise (NYSE:HPE)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Hewlett Packard Enterprise (NYSE:HPE) in the third quarter, Holdings Channel reports. The firm purchased 212,572 shares of the technology company’s stock, valued at approximately $4,349,000.

A number of other institutional investors have also made changes to their positions in the company. Valley Wealth Managers Inc. bought a new position in shares of Hewlett Packard Enterprise in the 3rd quarter worth about $26,000. Hazlett Burt & Watson Inc. lifted its holdings in Hewlett Packard Enterprise by 571.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock worth $28,000 after acquiring an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Hewlett Packard Enterprise in the second quarter valued at approximately $28,000. Financial Management Professionals Inc. boosted its position in Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock valued at $29,000 after purchasing an additional 637 shares during the period. Finally, ORG Partners LLC grew its stake in Hewlett Packard Enterprise by 224.5% during the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock worth $39,000 after buying an additional 1,282 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Trading Down 1.6 %

NYSE:HPE opened at $21.18 on Thursday. The stock has a fifty day simple moving average of $20.15 and a 200 day simple moving average of $19.55. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $27.51 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 3.27 and a beta of 1.19. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. The business had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. Sell-side analysts forecast that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.46%. Hewlett Packard Enterprise’s payout ratio is currently 37.14%.

Insider Transactions at Hewlett Packard Enterprise

In other news, CEO Antonio F. Neri sold 83,334 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the transaction, the chief executive officer now directly owns 1,758,641 shares in the company, valued at $34,680,400.52. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the transaction, the executive vice president now directly owns 82,061 shares in the company, valued at $1,395,037. This trade represents a 26.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 426,012 shares of company stock valued at $8,599,617 over the last quarter. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price target for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Barclays upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $20.00 to $24.00 in a research report on Wednesday, September 25th. UBS Group raised their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Loop Capital increased their target price on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They set a “hold” rating and a $22.00 price objective on the stock. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $22.21.

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.