Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 96.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,838,786 shares of the technology company's stock after purchasing an additional 900,945 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.14% of Hewlett Packard Enterprise worth $39,258,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise during the third quarter worth $25,000. Valley Wealth Managers Inc. acquired a new stake in Hewlett Packard Enterprise during the third quarter worth $26,000. Hara Capital LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter worth $28,000. Tandem Financial LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter worth $32,000. Finally, R Squared Ltd acquired a new stake in Hewlett Packard Enterprise during the fourth quarter worth $45,000. Institutional investors and hedge funds own 80.78% of the company's stock.

Analysts Set New Price Targets

HPE has been the subject of several recent analyst reports. Barclays cut their target price on Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 price objective for the company in a research note on Thursday, December 19th. Daiwa Capital Markets cut Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price objective for the company. in a research note on Wednesday. Loop Capital dropped their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating for the company in a research note on Monday. Finally, Susquehanna dropped their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.27.

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Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares in the company, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE traded down $0.32 during midday trading on Thursday, reaching $14.77. 30,907,967 shares of the stock were exchanged, compared to its average volume of 14,981,717. The business's 50-day moving average price is $20.96 and its 200 day moving average price is $20.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. Hewlett Packard Enterprise has a twelve month low of $14.65 and a twelve month high of $24.66. The company has a market capitalization of $19.40 billion, a price-to-earnings ratio of 7.77, a PEG ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 25.37%.

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.