Deutsche Bank AG Sells 2,142,751 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Deutsche Bank AG trimmed its position in Hewlett Packard Enterprise (NYSE:HPE) by 17.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,083,806 shares of the technology company’s stock after selling 2,142,751 shares during the period. Deutsche Bank AG’s holdings in Hewlett Packard Enterprise were worth $215,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Hara Capital LLC acquired a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at about $28,000. Tandem Financial LLC bought a new stake in Hewlett Packard Enterprise in the 4th quarter valued at about $32,000. Conquis Financial LLC acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $41,000. R Squared Ltd bought a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth approximately $45,000. Finally, Tompkins Financial Corp raised its position in shares of Hewlett Packard Enterprise by 397.9% in the fourth quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company’s stock valued at $61,000 after buying an additional 2,300 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $16.84 on Friday. Hewlett Packard Enterprise has a 12 month low of $11.97 and a 12 month high of $24.66. The stock has a market capitalization of $22.12 billion, a P/E ratio of 8.86, a PEG ratio of 2.03 and a beta of 1.29. 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’s 50 day moving average is $15.54 and its 200 day moving average is $19.45.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Morgan Stanley lowered Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $14.00 price objective on the stock. in a research note on Tuesday, April 8th. Daiwa America downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Bank of America decreased 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, March 7th. Loop Capital cut their price target on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a report on Monday, March 10th. Finally, StockNews.com cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average price target of $20.60.

Insider Activity at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the company’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.36% of the stock is currently owned by corporate insiders.

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.