Zurcher Kantonalbank Zurich Cantonalbank Has $39.26 Million Stake in Hewlett Packard Enterprise (NYSE:HPE)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 96.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,838,786 shares of the technology company’s stock after buying an additional 900,945 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.14% of Hewlett Packard Enterprise worth $39,258,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HPE. RPg Family Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise during the third quarter worth about $25,000. Valley Wealth Managers Inc. bought a new position in shares of Hewlett Packard Enterprise in the third quarter worth about $26,000. Hara Capital LLC bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $28,000. Tandem Financial LLC bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $32,000. Finally, R Squared Ltd bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth about $45,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Down 4.5 %

Hewlett Packard Enterprise stock opened at $15.09 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. Hewlett Packard Enterprise has a 52-week low of $14.85 and a 52-week high of $24.66. The firm has a 50 day moving average price of $21.34 and a two-hundred day moving average price of $20.71. The firm has a market cap of $19.82 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 25.37%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HPE. Wells Fargo & Company dropped their target price on shares of Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday. Raymond James raised shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $23.00 to $29.00 in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Thursday, December 19th. Bank of America dropped their price objective 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. Finally, StockNews.com lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and a consensus target price of $21.64.

Insider Transactions at Hewlett Packard Enterprise

In related news, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction 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 completion of the sale, the executive vice president now owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the completion of the sale, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

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.