Vontobel Holding Ltd. Boosts Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Vontobel Holding Ltd. raised its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 27.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,963,767 shares of the technology company's stock after buying an additional 424,905 shares during the quarter. Vontobel Holding Ltd. owned about 0.15% of Hewlett Packard Enterprise worth $41,926,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HPE. Exchange Traded Concepts LLC lifted its position in Hewlett Packard Enterprise by 381.1% in the third quarter. Exchange Traded Concepts LLC now owns 12,840 shares of the technology company's stock valued at $263,000 after buying an additional 10,171 shares during the last quarter. Creative Planning lifted its position in shares of Hewlett Packard Enterprise by 3.2% during the third quarter. Creative Planning now owns 197,019 shares of the technology company's stock worth $4,031,000 after purchasing an additional 6,098 shares in the last quarter. NBC Securities Inc. lifted its position in shares of Hewlett Packard Enterprise by 510.2% during the third quarter. NBC Securities Inc. now owns 15,201 shares of the technology company's stock worth $311,000 after purchasing an additional 12,710 shares in the last quarter. SPC Financial Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the third quarter worth about $414,000. Finally, One Wealth Advisors LLC lifted its position in shares of Hewlett Packard Enterprise by 31.5% during the third quarter. One Wealth Advisors LLC now owns 26,939 shares of the technology company's stock worth $555,000 after purchasing an additional 6,446 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company's stock.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 7,771 shares of Hewlett Packard Enterprise stock in a transaction on Friday, December 6th. The shares were sold at an average price of $23.00, for a total value of $178,733.00. Following the transaction, the senior vice president now directly owns 61,735 shares in the company, valued at $1,419,905. This trade represents a 11.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 332,166 shares of company stock worth $7,300,629. Insiders own 0.40% of the company's stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE traded up $0.06 during mid-day trading on Tuesday, reaching $21.77. 11,683,935 shares of the company's stock were exchanged, compared to its average volume of 14,741,315. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The stock has a market capitalization of $28.63 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 1.98 and a beta of 1.19. The business's fifty day simple moving average is $21.97 and its 200-day simple moving average is $20.54. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were given a dividend of $0.13 per share. The ex-dividend date was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.39%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 27.37%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HPE. Raymond James raised shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and increased their price target for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. 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 research report on Friday, December 6th. Citigroup raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and raised their target price for the company from $23.00 to $26.00 in a report on Friday, December 6th. StockNews.com cut shares of Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 target price on the stock in a report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.