Baader Bank Aktiengesellschaft Trims Position in Hewlett Packard Enterprise (NYSE:HPE)

Baader Bank Aktiengesellschaft reduced its position in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 97.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HPE. Lakewood Asset Management LLC increased its position in shares of Hewlett Packard Enterprise by 0.4% during the 4th quarter. Lakewood Asset Management LLC now owns 104,990 shares of the technology company's stock valued at $2,242,000 after purchasing an additional 457 shares during the last quarter. Westside Investment Management Inc. increased its position in shares of Hewlett Packard Enterprise by 0.8% during the 4th 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 during the last quarter. True Link Financial Advisors LLC increased its position in shares of Hewlett Packard Enterprise by 4.3% during the 4th quarter. True Link Financial Advisors LLC now owns 13,546 shares of the technology company's stock valued at $289,000 after purchasing an additional 560 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of Hewlett Packard Enterprise by 6.4% during the 3rd quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company's stock valued at $198,000 after purchasing an additional 579 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management increased its position in shares of Hewlett Packard Enterprise by 2.5% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 23,583 shares of the technology company's stock valued at $483,000 after purchasing an additional 581 shares during the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HPE shares. Raymond James raised Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and raised their target price for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Susquehanna reissued a "neutral" rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Barclays lifted their price objective on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. StockNews.com raised Hewlett Packard Enterprise from a "buy" rating to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Stifel Nicolaus lifted their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and an average price target of $24.00.

Insider Activity

In other news, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the sale, the executive vice president now owns 270,430 shares in the company, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gary M. Reiner sold 50,000 shares of the business's stock in a transaction that occurred 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 owns 104,192 shares of the company's stock, valued at $2,445,386.24. The trade was a 32.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 332,166 shares of company stock worth $7,300,629. 0.40% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Price Performance

NYSE HPE traded down $0.77 during trading hours on Monday, hitting $20.43. The company had a trading volume of 12,148,874 shares, compared to its average volume of 16,284,922. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $24.66. The firm has a 50 day simple moving average of $22.10 and a 200 day simple moving average of $20.44. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The firm has a market capitalization of $26.87 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 1.97 and a beta of 1.19.

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 paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 annualized dividend and a yield of 2.55%. 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.