Hewlett Packard Enterprise (NYSE:HPE) Shares Bought by Czech National Bank

Czech National Bank lifted its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 281,578 shares of the technology company’s stock after purchasing an additional 16,821 shares during the quarter. Czech National Bank’s holdings in Hewlett Packard Enterprise were worth $6,012,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new position in Hewlett Packard Enterprise during the third quarter worth approximately $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter valued at $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth $28,000. Financial Management Professionals Inc. raised its position in shares of Hewlett Packard Enterprise by 80.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after buying an additional 637 shares during the period. Finally, Rise Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 45.5% in the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock valued at $41,000 after acquiring an additional 625 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Stifel Nicolaus raised their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Thursday, December 19th. Morgan Stanley raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price target for the stock from $21.00 to $24.00 in a research report on Tuesday, September 17th. Finally, Barclays raised their price objective on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $22.48 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $24.24. The business has a 50 day moving average price of $21.75 and a two-hundred day moving average price of $20.26. The firm has a market cap of $29.57 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 2.02 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th 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 2.31%. The ex-dividend date is Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is currently 27.37%.

Insider Buying and Selling

In related news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $23.47, for a total value of $1,173,500.00. Following the completion of the transaction, the director now directly owns 104,192 shares in the company, valued at approximately $2,445,386.24. This trade represents a 32.43 % 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. Also, EVP John F. Schultz sold 262,818 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total value of $5,682,125.16. Following the sale, the executive vice president now owns 270,430 shares in the company, valued at $5,846,696.60. The trade was a 49.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 332,166 shares of company stock worth $7,300,629. Insiders own 0.40% 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.