Vontobel Holding Ltd. Purchases 100,585 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Vontobel Holding Ltd. increased its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 7.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,538,862 shares of the technology company’s stock after buying an additional 100,585 shares during the period. Vontobel Holding Ltd. owned 0.12% of Hewlett Packard Enterprise worth $31,485,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HPE. Rise Advisors LLC lifted its holdings in shares of Hewlett Packard Enterprise by 253.9% during the 1st quarter. Rise Advisors LLC now owns 1,465 shares of the technology company’s stock worth $26,000 after acquiring an additional 1,051 shares during the last quarter. Hazlett Burt & Watson Inc. grew its holdings in shares of Hewlett Packard Enterprise by 571.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Hewlett Packard Enterprise in the 2nd quarter worth $28,000. American National Bank lifted its stake in Hewlett Packard Enterprise by 89.4% in the first quarter. American National Bank now owns 1,949 shares of the technology company’s stock worth $35,000 after purchasing an additional 920 shares during the last quarter. Finally, ORG Partners LLC boosted its position in Hewlett Packard Enterprise by 224.5% during the second quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock valued at $39,000 after buying an additional 1,282 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 29,000 shares of the firm’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 transaction, the executive vice president now directly owns 82,061 shares in the company, valued at $1,395,037. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $20.73, for a total value of $5,182,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,508,641 shares in the company, valued at $31,274,127.93. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the transaction, the executive vice president now directly owns 82,061 shares in the company, valued at $1,395,037. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 426,012 shares of company stock valued at $8,599,617. 0.40% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $20.89 on Thursday. The firm has a market cap of $27.15 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 3.38 and a beta of 1.19. The firm has a fifty day moving average price of $18.98 and a 200 day moving average price of $18.97. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94.

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

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.96%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Loop Capital raised their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price objective for the stock 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 upped their target price for the company from $20.00 to $24.00 in a report on Wednesday, September 25th. Citigroup assumed coverage on Hewlett Packard Enterprise in a research report on Monday, September 23rd. They set a “neutral” rating and a $20.00 price objective on the stock. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $21.36.

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.