MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 287,325 Shares of Hewlett Packard Enterprise (NYSE:HPE)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lessened its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 90.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,068 shares of the technology company’s stock after selling 287,325 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Hewlett Packard Enterprise were worth $686,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Avior Wealth Management LLC increased its stake in Hewlett Packard Enterprise by 13.2% in the 4th quarter. Avior Wealth Management LLC now owns 10,943 shares of the technology company’s stock worth $234,000 after purchasing an additional 1,278 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Hewlett Packard Enterprise by 35.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 265,534 shares of the technology company’s stock valued at $5,669,000 after purchasing an additional 69,686 shares in the last quarter. Phillips Wealth Planners LLC boosted its position in shares of Hewlett Packard Enterprise by 43.2% during the fourth quarter. Phillips Wealth Planners LLC now owns 22,266 shares of the technology company’s stock valued at $492,000 after purchasing an additional 6,722 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of Hewlett Packard Enterprise by 0.8% during the fourth quarter. Westside Investment Management Inc. now owns 62,523 shares of the technology company’s stock valued at $1,335,000 after purchasing an additional 475 shares in the last quarter. Finally, Dakota Wealth Management boosted its position in shares of Hewlett Packard Enterprise by 7.9% during the fourth quarter. Dakota Wealth Management now owns 12,646 shares of the technology company’s stock valued at $270,000 after purchasing an additional 931 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the transaction, the director now directly owns 104,192 shares in the company, valued at $2,445,386.24. This trade represents a 32.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the transaction, the executive vice president now owns 270,430 shares in the company, valued at $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 332,166 shares of company stock valued at $7,300,629. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

HPE has been the topic of several analyst reports. Loop Capital boosted their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Susquehanna reiterated a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, December 19th. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Finally, StockNews.com cut Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Hewlett Packard Enterprise Price Performance

NYSE:HPE opened at $24.37 on Friday. The firm has a market capitalization of $32.05 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 2.27 and a beta of 1.20. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $24.66. The business has a 50 day simple moving average of $22.03 and a 200-day simple moving average of $20.41. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise’s dividend payout ratio is currently 27.37%.

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.