Zurcher Kantonalbank Zurich Cantonalbank Buys 519,529 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Hewlett Packard Enterprise (NYSE:HPE) by 212.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 764,538 shares of the technology company’s stock after purchasing an additional 519,529 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hewlett Packard Enterprise were worth $16,185,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HPE. Vanguard Group Inc. lifted its stake in shares of Hewlett Packard Enterprise by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 161,853,093 shares of the technology company’s stock valued at $2,869,655,000 after purchasing an additional 5,777,901 shares during the period. Epoch Investment Partners Inc. acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at $51,384,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Hewlett Packard Enterprise in the 1st quarter valued at $51,938,000. Norges Bank acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at $48,291,000. Finally, Natixis lifted its stake in shares of Hewlett Packard Enterprise by 10,345.0% in the 1st quarter. Natixis now owns 1,789,965 shares of the technology company’s stock valued at $31,736,000 after purchasing an additional 1,772,828 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Up 3.2 %

HPE stock traded up $0.60 during trading hours on Friday, reaching $19.28. 6,194,039 shares of the stock were exchanged, compared to its average volume of 14,862,654. The company has a market cap of $25.06 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 2.76 and a beta of 1.20. The firm’s 50-day moving average is $19.72 and its 200-day moving average is $18.31. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data 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. The company had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $6.82 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. Hewlett Packard Enterprise’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. On average, equities research analysts expect that Hewlett Packard Enterprise will post 1.59 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, June 19th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Tuesday, June 18th. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Wall Street Analyst Weigh In

Several analysts recently commented on HPE shares. UBS Group raised their price objective on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 5th. Evercore ISI raised their price objective on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 5th. Bank of America raised their price objective on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, June 21st. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Finally, Susquehanna raised their price objective on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 5th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise has an average rating of “Hold” and a consensus price target of $21.08.

Insider Activity

In related news, CEO Gerri Gold sold 22,784 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the sale, the chief executive officer now directly owns 57,081 shares in the company, valued at approximately $1,236,945.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Gerri Gold sold 22,784 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the sale, the chief executive officer now directly owns 57,081 shares in the company, valued at approximately $1,236,945.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kirt P. Karros sold 30,686 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $20.49, for a total transaction of $628,756.14. The disclosure for this sale can be found here. Insiders sold 140,141 shares of company stock worth $2,850,108 in the last quarter. 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.