Commerzbank Aktiengesellschaft FI Buys 18,242 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Commerzbank Aktiengesellschaft FI increased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 19.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,038 shares of the technology company’s stock after purchasing an additional 18,242 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Hewlett Packard Enterprise were worth $2,398,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Hewlett Packard Enterprise during the third quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new stake in Hewlett Packard Enterprise during the third quarter valued at approximately $26,000. Hara Capital LLC acquired a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $28,000. Tandem Financial LLC purchased a new position in Hewlett Packard Enterprise in the fourth quarter worth $32,000. Finally, R Squared Ltd acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth $45,000. Institutional investors own 80.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $23.00 to $28.00 in a research report on Thursday, December 5th. StockNews.com lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Loop Capital upped their price objective on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a report on Monday, December 9th. Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Finally, Stifel Nicolaus upped their price target on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $19.04 on Tuesday. Hewlett Packard Enterprise has a 52-week low of $15.76 and a 52-week high of $24.66. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The stock has a market cap of $25.01 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. The business has a 50-day simple moving average of $21.79 and a 200-day simple moving average of $20.76.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is presently 27.37%.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,771 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $23.00, for a total value of $178,733.00. Following the completion of the transaction, the senior vice president now owns 61,735 shares in the company, valued at approximately $1,419,905. This represents a 11.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John F. Schultz sold 262,818 shares of the 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 sale, the executive vice president now directly owns 270,430 shares in the company, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 332,166 shares of company stock worth $7,300,629. Corporate insiders own 0.36% of the company’s stock.

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.