Mitsubishi UFJ Asset Management Co. Ltd. Grows Stock Position in Hewlett Packard Enterprise Company (NYSE:HPE)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its ownership in Hewlett Packard Enterprise by 15.2%, acquiring over 315,000 additional shares, bringing its total to approximately 2.4 million shares valued at about $36.9 million.
• Institutional investors collectively own 80.78% of Hewlett Packard Enterprise's stock, with significant increases in holdings reported by firms like Slate Path Capital (44.8%) and Northern Trust (24.7%).
• Hewlett Packard Enterprise recently announced a quarterly dividend of $0.13 per share, reflecting a 2.5% annualized yield, with a payout ratio of 52.53%.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 15.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,394,168 shares of the technology company's stock after purchasing an additional 315,950 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.18% of Hewlett Packard Enterprise worth $36,942,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Forum Financial Management LP increased its stake in Hewlett Packard Enterprise by 2.2% in the fourth quarter. Forum Financial Management LP now owns 23,639 shares of the technology company's stock valued at $505,000 after purchasing an additional 515 shares during the last quarter. Colonial Trust Co SC increased its stake in Hewlett Packard Enterprise by 16.4% in the fourth quarter. Colonial Trust Co SC now owns 4,420 shares of the technology company's stock valued at $94,000 after purchasing an additional 622 shares during the last quarter. Lido Advisors LLC grew its position in shares of Hewlett Packard Enterprise by 1.0% in the 4th quarter. Lido Advisors LLC now owns 71,024 shares of the technology company's stock valued at $1,526,000 after buying an additional 691 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Hewlett Packard Enterprise by 2.3% in the 1st quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock valued at $492,000 after buying an additional 699 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in shares of Hewlett Packard Enterprise by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 70,600 shares of the technology company's stock valued at $1,089,000 after buying an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Hewlett Packard Enterprise Stock Performance

HPE traded down $0.25 during trading on Thursday, reaching $21.32. The company's stock had a trading volume of 7,795,383 shares, compared to its average volume of 15,265,434. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $24.66. The company's fifty day moving average price is $19.89 and its 200-day moving average price is $18.29. The company has a market capitalization of $27.97 billion, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 3.11 and a beta of 1.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the previous year, the company earned $0.42 EPS. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. On average, equities analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.4%. Hewlett Packard Enterprise's payout ratio is currently 52.53%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HPE. Barclays raised their price objective on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. JPMorgan Chase & Co. began coverage on Hewlett Packard Enterprise in a research note on Thursday, July 17th. They set an "overweight" rating and a $30.00 price target on the stock. Raymond James Financial raised their price target on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, June 4th. Citigroup initiated coverage on shares of Hewlett Packard Enterprise in a research report on Friday, July 25th. They set a "buy" rating and a $25.00 target price on the stock. Finally, Wells Fargo & Company raised their price objective on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 3rd. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of "Moderate Buy" and a consensus price target of $22.87.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $18.44, for a total transaction of $1,264,799.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the sale, the executive vice president directly owned 42,427 shares in the company, valued at $871,450.58. This trade represents a 41.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,590 shares of company stock worth $2,436,000. 0.36% of the stock is owned by insiders.

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.