Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Boosts Stake in Hewlett Packard Enterprise (NYSE:HPE)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Hewlett Packard Enterprise (NYSE:HPEGet Rating) by 8.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 833,134 shares of the technology company’s stock after purchasing an additional 66,750 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned about 0.06% of Hewlett Packard Enterprise worth $9,981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in HPE. Cambridge Investment Research Advisors Inc. boosted its position in shares of Hewlett Packard Enterprise by 10.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 74,736 shares of the technology company’s stock worth $1,249,000 after purchasing an additional 7,285 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Hewlett Packard Enterprise by 12.6% in the 1st quarter. D.A. Davidson & CO. now owns 16,151 shares of the technology company’s stock worth $270,000 after purchasing an additional 1,809 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of Hewlett Packard Enterprise by 46.4% in the 1st quarter. Raymond James Trust N.A. now owns 16,080 shares of the technology company’s stock worth $269,000 after purchasing an additional 5,095 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Hewlett Packard Enterprise by 9.8% in the 1st quarter. Blair William & Co. IL now owns 332,584 shares of the technology company’s stock worth $5,557,000 after purchasing an additional 29,819 shares in the last quarter. Finally, Aviva PLC boosted its position in shares of Hewlett Packard Enterprise by 45.8% in the 1st quarter. Aviva PLC now owns 634,757 shares of the technology company’s stock worth $10,607,000 after purchasing an additional 199,382 shares in the last quarter. 81.36% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 10,065 shares of the stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $16.00, for a total value of $161,040.00. Following the completion of the sale, the senior vice president now owns 28,991 shares in the company, valued at approximately $463,856. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 10,065 shares of the stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $16.00, for a total transaction of $161,040.00. Following the completion of the transaction, the senior vice president now owns 28,991 shares of the company’s stock, valued at approximately $463,856. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Phil Mottram sold 5,000 shares of the stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $16.50, for a total transaction of $82,500.00. Following the transaction, the executive vice president now directly owns 34,764 shares of the company’s stock, valued at approximately $573,606. The disclosure for this sale can be found here. In the last quarter, insiders sold 338,197 shares of company stock worth $5,355,072. Corporate insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on HPE. Barclays cut Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $18.00 price objective on the stock. in a research report on Tuesday, January 10th. Deutsche Bank Aktiengesellschaft upped their price objective on Hewlett Packard Enterprise from $15.00 to $16.00 in a research report on Wednesday, November 30th. Susquehanna Bancshares upped their price objective on Hewlett Packard Enterprise from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, November 30th. StockNews.com began coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Credit Suisse Group upped their price objective on Hewlett Packard Enterprise to $19.00 in a research report on Friday, December 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise has an average rating of “Hold” and an average price target of $17.00.

Hewlett Packard Enterprise Trading Up 0.8 %

NYSE:HPE opened at $16.45 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.88 and a quick ratio of 0.66. The firm has a market capitalization of $21.09 billion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 2.61 and a beta of 1.22. Hewlett Packard Enterprise has a one year low of $11.90 and a one year high of $17.76. The business has a fifty day moving average price of $15.94 and a 200-day moving average price of $14.35.

Hewlett Packard Enterprise (NYSE:HPEGet Rating) last issued its quarterly earnings results on Tuesday, November 29th. The technology company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.62). Hewlett Packard Enterprise had a return on equity of 4.26% and a net margin of 3.05%. The business had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7.42 billion. Sell-side analysts forecast that Hewlett Packard Enterprise will post 1.45 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Wednesday, December 14th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, December 13th. This represents a $0.48 dividend on an annualized basis and a yield of 2.92%. Hewlett Packard Enterprise’s payout ratio is presently 72.73%.

About Hewlett Packard Enterprise

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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.

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

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