DekaBank Deutsche Girozentrale purchased a new position in Hewlett Packard Enterprise Company (NYSE:HPE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 417,718 shares of the technology company’s stock, valued at approximately $7,083,000.

Several other hedge funds also recently added to or reduced their stakes in the company. James Investment Research Inc. increased its stake in Hewlett Packard Enterprise by 8.8% in the first quarter. James Investment Research Inc. now owns 5,580 shares of the technology company’s stock worth $132,000 after buying an additional 450 shares during the last quarter. Wagner Bowman Management Corp increased its stake in Hewlett Packard Enterprise by 12.5% in the first quarter. Wagner Bowman Management Corp now owns 11,906 shares of the technology company’s stock worth $282,000 after buying an additional 1,321 shares during the last quarter. OLD Point Trust & Financial Services N A increased its stake in Hewlett Packard Enterprise by 6.6% in the first quarter. OLD Point Trust & Financial Services N A now owns 114,510 shares of the technology company’s stock worth $2,713,000 after buying an additional 7,100 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Hewlett Packard Enterprise during the first quarter worth approximately $125,000. Finally, Hartford Investment Management Co. increased its stake in Hewlett Packard Enterprise by 1.8% in the first quarter. Hartford Investment Management Co. now owns 413,359 shares of the technology company’s stock worth $9,797,000 after buying an additional 7,228 shares during the last quarter. Institutional investors own 79.80% of the company’s stock.

Hewlett Packard Enterprise Company (HPE) opened at 17.58 on Tuesday. The stock has a market capitalization of $28.88 billion, a P/E ratio of 13.33 and a beta of 2.74. Hewlett Packard Enterprise Company has a 12 month low of $15.49 and a 12 month high of $19.16. The company’s 50-day moving average is $17.23 and its 200-day moving average is $17.63.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, May 31st. The technology company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. Hewlett Packard Enterprise had a return on equity of 9.80% and a net margin of 4.85%. The business had revenue of $9.90 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same period in the prior year, the business earned $0.42 EPS. Hewlett Packard Enterprise’s revenue for the quarter was down 22.1% compared to the same quarter last year. Equities analysts anticipate that Hewlett Packard Enterprise Company will post $1.45 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be paid a dividend of $0.065 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.26 dividend on an annualized basis and a yield of 1.48%. Hewlett Packard Enterprise’s payout ratio is 20.16%.

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A number of analysts recently commented on HPE shares. CIBC dropped their target price on shares of Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, July 4th. Maxim Group reiterated a “hold” rating and issued a $18.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, July 14th. BidaskClub downgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Credit Suisse Group reiterated an “outperform” rating on shares of Hewlett Packard Enterprise in a report on Saturday, June 3rd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, May 26th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.87.

In related news, CEO Margaret C. Whitman sold 251,268 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $17.40, for a total transaction of $4,372,063.20. Following the completion of the sale, the chief executive officer now directly owns 865,021 shares of the company’s stock, valued at approximately $15,051,365.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Margaret C. Whitman sold 138,401 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $17.45, for a total value of $2,415,097.45. Following the sale, the chief executive officer now directly owns 896,720 shares of the company’s stock, valued at $15,647,764. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,591,984 shares of company stock valued at $27,663,922. 0.87% of the stock is owned by company insiders.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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