Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 237,457 shares of the technology company’s stock after purchasing an additional 1,570 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hewlett Packard Enterprise were worth $4,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Hewlett Packard Enterprise by 7.6% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 9,391 shares of the technology company’s stock worth $159,000 after buying an additional 666 shares during the period. Montgomery Investment Management Inc. boosted its holdings in Hewlett Packard Enterprise by 2.9% in the fourth quarter. Montgomery Investment Management Inc. now owns 24,950 shares of the technology company’s stock valued at $424,000 after purchasing an additional 700 shares during the last quarter. IMPACTfolio LLC boosted its holdings in Hewlett Packard Enterprise by 5.3% in the fourth quarter. IMPACTfolio LLC now owns 13,963 shares of the technology company’s stock valued at $237,000 after purchasing an additional 705 shares during the last quarter. Total Clarity Wealth Management Inc. boosted its holdings in Hewlett Packard Enterprise by 2.8% in the third quarter. Total Clarity Wealth Management Inc. now owns 26,078 shares of the technology company’s stock valued at $453,000 after purchasing an additional 713 shares during the last quarter. Finally, MBM Wealth Consultants LLC boosted its holdings in Hewlett Packard Enterprise by 5.1% in the third quarter. MBM Wealth Consultants LLC now owns 14,607 shares of the technology company’s stock valued at $241,000 after purchasing an additional 715 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Up 0.3 %

Shares of Hewlett Packard Enterprise stock opened at $16.84 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. The business’s 50 day simple moving average is $16.89 and its 200-day simple moving average is $16.40. The stock has a market capitalization of $21.89 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 3.11 and a beta of 1.21. Hewlett Packard Enterprise has a twelve month low of $13.65 and a twelve month high of $20.07.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Thursday, February 29th. The technology company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The firm had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $7.09 billion. During the same period last year, the firm earned $0.38 EPS. The firm’s revenue was down 13.5% compared to the same quarter last year. Equities research analysts forecast that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.09%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s dividend payout ratio is currently 35.86%.

Analysts Set New Price Targets

A number of brokerages recently commented on HPE. Stifel Nicolaus reduced their price target on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating for the company in a report on Friday, March 1st. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Friday. Barclays reduced their target price on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, March 1st. Morgan Stanley increased their target price on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, Wells Fargo & Company increased their target price on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.91.

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.