Mirae Asset Global Investments Co. Ltd. Has $3.51 Million Stock Holdings in Hewlett Packard Enterprise Company $HPE

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its holdings in Hewlett Packard Enterprise (HPE) by 11.9%, now owning 171,490 shares valued at approximately $3.51 million.
• CEO Antonio F. Neri sold 166,666 shares of HPE at an average price of $25.03, resulting in a decrease of his ownership stake by 9.51%.
• The company recently announced a quarterly dividend of $0.13 per share, reflecting an annualized yield of 2.1%.

Mirae Asset Global Investments Co. Ltd. boosted its stake in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 11.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 171,490 shares of the technology company's stock after purchasing an additional 18,170 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Hewlett Packard Enterprise were worth $3,507,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of HPE. Strs Ohio bought a new stake in shares of Hewlett Packard Enterprise during the first quarter valued at approximately $15,663,000. Sowell Financial Services LLC bought a new stake in shares of Hewlett Packard Enterprise during the first quarter valued at approximately $301,000. Signal Advisors Wealth LLC bought a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $300,000. OneDigital Investment Advisors LLC bought a new stake in shares of Hewlett Packard Enterprise during the first quarter valued at approximately $164,000. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Hewlett Packard Enterprise by 5.6% during the second quarter. Public Employees Retirement System of Ohio now owns 504,433 shares of the technology company's stock valued at $10,316,000 after acquiring an additional 26,776 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 166,666 shares of the firm's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $25.03, for a total value of $4,171,649.98. Following the completion of the transaction, the chief executive officer directly owned 1,585,726 shares of the company's stock, valued at $39,690,721.78. This trade represents a 9.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gary M. Reiner sold 40,000 shares of the firm's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the transaction, the director directly owned 83,869 shares of the company's stock, valued at approximately $2,061,500.02. The trade was a 32.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 543,738 shares of company stock valued at $12,922,932. Corporate insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Performance

NYSE HPE opened at $24.90 on Wednesday. The company's 50 day moving average is $22.92 and its 200-day moving average is $19.42. Hewlett Packard Enterprise Company has a 12-month low of $11.97 and a 12-month high of $25.92. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. The firm has a market cap of $32.85 billion, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 2.59 and a beta of 1.45.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, September 18th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.1%. Hewlett Packard Enterprise's dividend payout ratio is 63.41%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group upped their target price on shares of Hewlett Packard Enterprise from $25.00 to $27.00 and gave the stock a "neutral" rating in a report on Thursday, October 2nd. Susquehanna upped their target price on shares of Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a "neutral" rating in a report on Thursday, September 4th. Wall Street Zen upgraded shares of Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. JPMorgan Chase & Co. initiated coverage on Hewlett Packard Enterprise in a research note on Thursday, July 17th. They set an "overweight" rating and a $30.00 price objective on the stock. Finally, Barclays raised their price objective on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of "Hold" and a consensus price target of $25.06.

About Hewlett Packard Enterprise

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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