Sumitomo Mitsui Trust Holdings Inc. Increases Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 6.0% during the fourth quarter, Holdings Channel reports. The firm owned 3,659,265 shares of the technology company’s stock after acquiring an additional 205,869 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Hewlett Packard Enterprise were worth $62,134,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its stake in Hewlett Packard Enterprise by 16.0% during the second quarter. IFP Advisors Inc now owns 4,241 shares of the technology company’s stock worth $71,000 after purchasing an additional 584 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in 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 valued at $159,000 after buying an additional 666 shares during the last quarter. Montgomery Investment Management Inc. increased 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 buying an additional 700 shares during the last quarter. IMPACTfolio LLC increased 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 buying an additional 705 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Hewlett Packard Enterprise by 3.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 20,155 shares of the technology company’s stock worth $322,000 after purchasing an additional 712 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $17.04 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. The company has a market cap of $22.15 billion, a P/E ratio of 11.75, a PEG ratio of 3.17 and a beta of 1.21. Hewlett Packard Enterprise has a 52 week low of $13.65 and a 52 week high of $20.07. The company has a 50-day moving average price of $16.84 and a 200 day moving average price of $16.41.

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

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.05%. Hewlett Packard Enterprise’s payout ratio is 35.86%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Barclays dropped their price objective 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 raised their price target on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday. Wells Fargo & Company raised their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Wednesday. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Friday. Finally, Sanford C. Bernstein lowered Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $20.00 to $17.00 in a report on Tuesday, January 16th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Hold” and an average target price of $17.91.

Hewlett Packard Enterprise 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.