B. Metzler seel. Sohn & Co. AG Trims Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

B. Metzler seel. Sohn & Co. AG cut its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 35.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 136,968 shares of the technology company’s stock after selling 75,604 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Hewlett Packard Enterprise were worth $2,924,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $292,959,000. Norges Bank acquired a new position in Hewlett Packard Enterprise during the 4th quarter worth $119,067,000. Boston Partners increased its position in shares of Hewlett Packard Enterprise by 19.1% in the 4th quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock worth $276,075,000 after purchasing an additional 2,058,562 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Hewlett Packard Enterprise by 35.1% in the 4th quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after purchasing an additional 1,885,559 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $34,778,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Up 1.5 %

Shares of Hewlett Packard Enterprise stock opened at $15.66 on Wednesday. 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 1-year low of $14.64 and a 1-year high of $24.66. The business’s fifty day moving average price is $19.24 and its two-hundred day moving average price is $20.44. The company has a market capitalization of $20.56 billion, a P/E ratio of 8.24, a PEG ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

Analyst Ratings Changes

HPE has been the topic of several research reports. Barclays cut their price objective on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Daiwa America cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Stifel Nicolaus raised 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. Finally, Bank of America decreased their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a report on Friday, March 7th. Nine 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.27.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the transaction, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. This trade represents a 19.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise 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.