B. Metzler seel. Sohn & Co. Holding AG Buys New Holdings in Hewlett Packard Enterprise (NYSE:HPE)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 212,572 shares of the technology company's stock, valued at approximately $4,349,000.

A number of other large investors also recently modified their holdings of the business. Bessemer Group Inc. boosted its stake in Hewlett Packard Enterprise by 11.3% in the first quarter. Bessemer Group Inc. now owns 40,786 shares of the technology company's stock valued at $722,000 after acquiring an additional 4,154 shares during the period. Shell Asset Management Co. grew its position in shares of Hewlett Packard Enterprise by 27.6% during the first quarter. Shell Asset Management Co. now owns 86,202 shares of the technology company's stock worth $1,528,000 after acquiring an additional 18,664 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Hewlett Packard Enterprise by 46.8% in the 1st quarter. Toronto Dominion Bank now owns 842,739 shares of the technology company's stock worth $14,942,000 after acquiring an additional 268,820 shares during the period. Quadrature Capital Ltd bought a new stake in Hewlett Packard Enterprise in the 1st quarter valued at about $5,245,000. Finally, 1832 Asset Management L.P. boosted its stake in Hewlett Packard Enterprise by 10.6% during the 1st quarter. 1832 Asset Management L.P. now owns 146,380 shares of the technology company's stock valued at $2,595,000 after purchasing an additional 14,021 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HPE. Deutsche Bank Aktiengesellschaft started coverage on Hewlett Packard Enterprise in a report on Wednesday, October 9th. They set a "hold" rating and a $22.00 price target on the stock. Barclays upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $20.00 to $24.00 in a research note on Wednesday, September 25th. Susquehanna reiterated a "neutral" rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. UBS Group boosted their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Thursday, September 5th. Finally, Bank of America upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and increased their price objective for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $22.21.

Insider Activity

In other news, CEO Antonio F. Neri sold 250,000 shares of the firm's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $20.73, for a total value of $5,182,500.00. Following the sale, the chief executive officer now directly owns 1,508,641 shares of the company's stock, valued at approximately $31,274,127.93. This trade represents a 14.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jeremy Cox sold 7,770 shares of the business's stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total value of $163,170.00. Following the transaction, the senior vice president now directly owns 7,771 shares of the company's stock, valued at $163,191. This represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 426,012 shares of company stock valued at $8,599,617 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

Hewlett Packard Enterprise Price Performance

HPE opened at $21.18 on Thursday. The stock has a fifty day moving average price of $20.15 and a 200 day moving average price of $19.55. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. The stock has a market cap of $27.51 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 3.36 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. The business had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The firm's revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 EPS. Analysts forecast that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 2.46%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 37.14%.

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.