Commerzbank Aktiengesellschaft FI Raises Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Commerzbank Aktiengesellschaft FI raised its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 19.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,038 shares of the technology company’s stock after purchasing an additional 18,242 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Hewlett Packard Enterprise were worth $2,398,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Eagle Asset Management Inc. raised its position in shares of Hewlett Packard Enterprise by 3,537.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock worth $127,571,000 after purchasing an additional 5,629,006 shares during the last quarter. Mizuho Markets Americas LLC purchased a new stake in Hewlett Packard Enterprise during the 3rd quarter worth approximately $105,185,000. Pacer Advisors Inc. raised its holdings in shares of Hewlett Packard Enterprise by 18.1% during the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock valued at $560,274,000 after acquiring an additional 4,194,213 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Hewlett Packard Enterprise by 35.1% in the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after acquiring an additional 1,885,559 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Hewlett Packard Enterprise by 61.6% in the third quarter. National Bank of Canada FI now owns 3,504,681 shares of the technology company’s stock worth $71,706,000 after acquiring an additional 1,335,318 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of the sale, the director now directly owns 104,192 shares of the company’s stock, valued at approximately $2,445,386.24. The trade was a 32.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jeremy Cox sold 7,771 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the transaction, the senior vice president now directly owns 61,735 shares in the company, valued at approximately $1,419,905. The trade was a 11.18 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 332,166 shares of company stock worth $7,300,629. 0.36% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on HPE. Loop Capital increased their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Stifel Nicolaus boosted their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Thursday, December 19th. Finally, Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $23.00 to $28.00 in a report on Thursday, December 5th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Hewlett Packard Enterprise Price Performance

HPE stock opened at $19.04 on Tuesday. Hewlett Packard Enterprise has a 52-week low of $15.76 and a 52-week high of $24.66. The business has a fifty day moving average of $21.79 and a two-hundred day moving average of $20.76. The stock has a market cap of $25.01 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were given a $0.13 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.73%. Hewlett Packard Enterprise’s payout ratio is currently 27.37%.

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.