95,000 Shares in Hewlett Packard Enterprise (NYSE:HPE) Bought by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI bought a new position in shares of Hewlett Packard Enterprise (NYSE:HPE) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 95,000 shares of the technology company’s stock, valued at approximately $1,684,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James & Associates lifted its position in Hewlett Packard Enterprise by 13.2% during the 4th quarter. Raymond James & Associates now owns 932,921 shares of the technology company’s stock worth $15,841,000 after acquiring an additional 108,971 shares during the period. Nordea Investment Management AB lifted its position in Hewlett Packard Enterprise by 12.3% during the 1st quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock worth $84,166,000 after acquiring an additional 517,734 shares during the period. Sei Investments Co. lifted its position in Hewlett Packard Enterprise by 56.1% during the 1st quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock worth $23,455,000 after acquiring an additional 475,397 shares during the period. Mackenzie Financial Corp lifted its position in Hewlett Packard Enterprise by 17.4% during the 4th quarter. Mackenzie Financial Corp now owns 1,562,640 shares of the technology company’s stock worth $26,534,000 after acquiring an additional 232,150 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in Hewlett Packard Enterprise by 5.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock worth $68,356,000 after acquiring an additional 196,112 shares during the period. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock traded down $0.35 on Tuesday, hitting $19.06. The company’s stock had a trading volume of 3,888,214 shares, compared to its average volume of 15,510,339. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.90. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. The firm has a fifty day moving average price of $20.22 and a 200-day moving average price of $17.89. The company has a market capitalization of $24.77 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 2.85 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the previous year, the business earned $0.32 EPS. Hewlett Packard Enterprise’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.73%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 37.96%.

Analysts Set New Price Targets

A number of brokerages have commented on HPE. Argus raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Friday, June 7th. Evercore ISI lifted their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 5th. UBS Group lifted their price target on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 5th. Bank of America boosted their price objective on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, June 21st. Finally, Sanford C. Bernstein boosted their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, June 5th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $21.08.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.51, for a total transaction of $975,500.00. Following the completion of the sale, the director now directly owns 150,948 shares in the company, valued at approximately $2,944,995.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 30,686 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $20.49, for a total transaction of $628,756.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $19.51, for a total value of $975,500.00. Following the completion of the sale, the director now owns 150,948 shares of the company’s stock, valued at $2,944,995.48. The disclosure for this sale can be found here. In the last three months, insiders sold 140,141 shares of company stock worth $2,850,108. Corporate insiders own 0.40% of the company’s stock.

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.