Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft decreased its position in Hewlett Packard Enterprise (NYSE:HPE) by 97.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,299 shares of the technology company’s stock after selling 401,200 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Hewlett Packard Enterprise were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HPE. Public Sector Pension Investment Board boosted its position in Hewlett Packard Enterprise by 89.7% in the second quarter. Public Sector Pension Investment Board now owns 49,955 shares of the technology company’s stock valued at $1,058,000 after buying an additional 23,627 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Hewlett Packard Enterprise by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 805,278 shares of the technology company’s stock worth $17,048,000 after acquiring an additional 10,794 shares during the period. Creative Planning raised its holdings in shares of Hewlett Packard Enterprise by 13.0% during the second quarter. Creative Planning now owns 190,921 shares of the technology company’s stock worth $4,042,000 after purchasing an additional 22,032 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Hewlett Packard Enterprise by 11.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 19,497 shares of the technology company’s stock valued at $413,000 after purchasing an additional 1,992 shares during the period. Finally, Quarry LP acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter worth about $59,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $21.18 on Friday. 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 has a 1-year low of $14.47 and a 1-year high of $24.66. The company has a market cap of $27.85 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 2.27 and a beta of 1.20. The stock’s 50 day simple moving average is $22.13 and its 200-day simple moving average is $20.44.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.46%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 27.37%.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the company’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 completion of the sale, the executive vice president now directly owns 270,430 shares in the company, valued at $5,846,696.60. This represents a 49.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the completion of the sale, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock valued at $7,300,629 over the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Loop Capital upped their target price on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Barclays raised their price objective on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Stifel Nicolaus increased their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Citigroup raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $23.00 to $26.00 in a report on Friday, December 6th. Finally, Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $23.00 to $28.00 in a research note on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.00.

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.