Bank Julius Baer & Co. Ltd Zurich Acquires 2,634 Shares of Hewlett Packard Enterprise (NYSE:HPE)

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

Other hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in Hewlett Packard Enterprise in the third quarter worth $25,000. Valley Wealth Managers Inc. bought a new stake in shares of Hewlett Packard Enterprise during the 3rd quarter worth about $26,000. Hara Capital LLC acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at about $28,000. Tandem Financial LLC bought a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at approximately $32,000. Finally, R Squared Ltd acquired a new stake in Hewlett Packard Enterprise in the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $15.09 on Tuesday. The business’s 50 day moving average is $21.34 and its 200-day moving average is $20.71. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $19.82 billion, a PE ratio of 7.94, a PEG ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 1-year low of $14.85 and a 1-year high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a yield of 3.45%. Hewlett Packard Enterprise’s dividend payout ratio is currently 25.37%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 262,818 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 270,430 shares in the company, valued at $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $266,271.00. Following the transaction, the senior vice president now owns 48,615 shares of the company’s stock, valued at $1,118,145. This represents a 19.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

HPE has been the topic of several analyst reports. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $23.00 to $29.00 in a report on Monday, November 18th. Bank of America dropped their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Friday. Barclays cut their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft raised 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. Finally, StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and a consensus target price of $21.64.

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.