Bank Julius Baer & Co. Ltd Zurich Has $244,000 Stake in Hewlett Packard Enterprise (NYSE:HPE)

Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 34.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,370 shares of the technology company’s stock after acquiring an additional 2,634 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Hewlett Packard Enterprise were worth $244,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Andra AP fonden boosted its stake in Hewlett Packard Enterprise by 556.3% in the fourth quarter. Andra AP fonden now owns 624,800 shares of the technology company’s stock worth $13,339,000 after purchasing an additional 529,600 shares in the last quarter. E Fund Management Co. Ltd. raised its holdings in shares of Hewlett Packard Enterprise by 36.3% in the fourth quarter. E Fund Management Co. Ltd. now owns 26,144 shares of the technology company’s stock valued at $558,000 after buying an additional 6,965 shares during the last quarter. Candriam S.C.A. lifted its position in Hewlett Packard Enterprise by 4.1% during the 4th quarter. Candriam S.C.A. now owns 96,648 shares of the technology company’s stock worth $2,063,000 after buying an additional 3,812 shares in the last quarter. Black Swift Group LLC grew its holdings in Hewlett Packard Enterprise by 92.1% during the 4th quarter. Black Swift Group LLC now owns 115,250 shares of the technology company’s stock worth $2,461,000 after acquiring an additional 55,250 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Hewlett Packard Enterprise in the 4th quarter valued at about $292,959,000. 80.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HPE shares. Barclays decreased their price target on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday. Susquehanna decreased their price objective on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday. Bank of America dropped their target price on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Thursday, December 19th. Finally, Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and an average target price of $21.64.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total value of $5,682,125.16. Following the completion of the transaction, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeremy Cox sold 11,577 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the sale, the senior vice president now directly owns 48,615 shares in the company, valued at approximately $1,118,145. This represents a 19.23 % decrease in their position. The disclosure for this sale can be found here. 0.36% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise Stock Down 4.5 %

Shares of NYSE HPE opened at $15.09 on Tuesday. Hewlett Packard Enterprise has a 52-week low of $14.85 and a 52-week high of $24.66. 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 stock has a market cap of $19.82 billion, a P/E ratio of 7.94, a P/E/G ratio of 2.03 and a beta of 1.20. The firm has a 50 day moving average price of $21.34 and a 200 day moving average price of $20.71.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 25.37%.

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.