Commerce Bank Boosts Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Commerce Bank increased its position in shares of Hewlett Packard Enterprise (NYSE:HPEFree Report) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,274 shares of the technology company’s stock after purchasing an additional 1,126 shares during the period. Commerce Bank’s holdings in Hewlett Packard Enterprise were worth $973,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HPE. Norges Bank purchased a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $48,291,000. Bank of Nova Scotia increased its holdings in Hewlett Packard Enterprise by 276.8% in the third quarter. Bank of Nova Scotia now owns 2,302,065 shares of the technology company’s stock valued at $39,987,000 after buying an additional 1,691,083 shares in the last quarter. Citigroup Inc. increased its holdings in Hewlett Packard Enterprise by 70.2% in the third quarter. Citigroup Inc. now owns 3,550,595 shares of the technology company’s stock valued at $61,674,000 after buying an additional 1,464,650 shares in the last quarter. DNB Asset Management AS increased its holdings in Hewlett Packard Enterprise by 261.6% in the fourth quarter. DNB Asset Management AS now owns 2,015,451 shares of the technology company’s stock valued at $34,222,000 after buying an additional 1,458,034 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Hewlett Packard Enterprise by 72.1% in the third quarter. Royal Bank of Canada now owns 3,449,034 shares of the technology company’s stock valued at $59,910,000 after buying an additional 1,445,045 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HPE. Stifel Nicolaus dropped their target price on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating for the company in a report on Friday, March 1st. Evercore ISI dropped their price objective on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating for the company in a research note on Friday, March 1st. StockNews.com cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Wells Fargo & Company raised their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. Finally, Barclays dropped their price objective on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average target price of $17.91.

Read Our Latest Stock Analysis on Hewlett Packard Enterprise

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total value of $310,758.08. Following the transaction, the senior vice president now owns 15,541 shares in the company, valued at approximately $263,575.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.40% of the stock is owned by company insiders.

Hewlett Packard Enterprise Stock Down 1.2 %

Shares of NYSE HPE opened at $18.18 on Thursday. Hewlett Packard Enterprise has a 1 year low of $13.79 and a 1 year high of $20.07. The firm’s 50 day moving average price is $17.51 and its 200 day moving average price is $16.67. The firm has a market cap of $23.63 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 3.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last announced its earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. Hewlett Packard Enterprise’s revenue was down 13.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 earnings per share. As a group, sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Company Profile

(Free Report)

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.

See Also

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

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