Commerzbank Aktiengesellschaft FI Makes New Investment in Hewlett Packard Enterprise (NYSE:HPE)

Commerzbank Aktiengesellschaft FI bought a new stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 93,796 shares of the technology company's stock, valued at approximately $1,920,000.

A number of other institutional investors have also modified their holdings of the business. Hazlett Burt & Watson Inc. boosted its position 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 worth $28,000 after purchasing an additional 1,143 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth $28,000. ORG Partners LLC boosted its position in shares of Hewlett Packard Enterprise by 224.5% in the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company's stock worth $39,000 after buying an additional 1,282 shares in the last quarter. Rise Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 45.5% in the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company's stock worth $41,000 after buying an additional 625 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter worth about $51,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Down 3.0 %

Shares of Hewlett Packard Enterprise stock traded down $0.59 on Wednesday, hitting $19.30. 10,068,490 shares of the company's stock traded hands, compared to its average volume of 15,648,621. The stock has a market cap of $25.08 billion, a P/E ratio of 14.09, a PEG ratio of 3.38 and a beta of 1.19. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm's 50-day moving average is $19.24 and its 200 day moving average is $19.04. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. During the same period last year, the company earned $0.35 earnings per share. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. Equities analysts anticipate that Hewlett Packard Enterprise will post 1.66 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 19th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.69%. Hewlett Packard Enterprise's payout ratio is presently 37.96%.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 7,770 shares of the firm's stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the sale, the senior vice president now directly owns 7,771 shares of the company's stock, valued at $163,191. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Antonio F. Neri sold 250,000 shares of the firm's stock in a transaction that occurred on 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 transaction, 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 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeremy Cox sold 7,770 shares of the firm's stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the completion of the transaction, the senior vice president now directly owns 7,771 shares in the company, valued at $163,191. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 426,012 shares of company stock worth $8,599,617. 0.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. UBS Group boosted their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, September 5th. Citigroup assumed coverage on shares of Hewlett Packard Enterprise in a research note on Monday, September 23rd. They set a "neutral" rating and a $20.00 price objective for the company. Bank of America raised shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and upped their price objective for the company from $21.00 to $24.00 in a research note on Tuesday, September 17th. Loop Capital upped their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Monday, September 9th. Finally, Susquehanna reaffirmed a "neutral" rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of "Hold" and an average price target of $21.46.

Hewlett Packard Enterprise Company 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.