Mubadala Investment Co PJSC Purchases New Stake in Hewlett Packard Enterprise Company $HPE

Key Points

• Mubadala Investment Co PJSC acquired 175,573 shares of Hewlett Packard Enterprise Company, valued at approximately $2.7 million, during the first quarter.
• Analyst ratings for HPE have improved, with Morgan Stanley upgrading the stock to "overweight" and raising its price target from $22.00 to $28.00.
• Insider executives at HPE have sold significant shares, including CEO Antonio F. Neri, who sold 166,666 shares for a total value of approximately $3.75 million, indicating a shift in insider ownership.

Mubadala Investment Co PJSC bought a new position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 175,573 shares of the technology company's stock, valued at approximately $2,709,000.

Several other hedge funds also recently made changes to their positions in HPE. Sowell Financial Services LLC acquired a new position in Hewlett Packard Enterprise during the 1st quarter valued at approximately $301,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Hewlett Packard Enterprise by 22.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,320 shares of the technology company's stock valued at $2,421,000 after purchasing an additional 28,123 shares during the period. OneDigital Investment Advisors LLC acquired a new position in Hewlett Packard Enterprise during the 1st quarter valued at approximately $164,000. Farther Finance Advisors LLC boosted its position in Hewlett Packard Enterprise by 2.3% during the 1st quarter. Farther Finance Advisors LLC now owns 31,437 shares of the technology company's stock valued at $492,000 after purchasing an additional 699 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in Hewlett Packard Enterprise by 21.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 14,108 shares of the technology company's stock valued at $218,000 after purchasing an additional 2,466 shares during the period. Institutional investors and hedge funds own 80.78% of the company's stock.

Wall Street Analyst Weigh In

HPE has been the subject of a number of analyst reports. KeyCorp started coverage on Hewlett Packard Enterprise in a research report on Thursday, June 26th. They set a "sector weight" rating for the company. Evercore ISI increased their price target on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft increased their price target on Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Citigroup began coverage on Hewlett Packard Enterprise in a research note on Friday, July 25th. They issued a "buy" rating and a $25.00 price target for the company. Finally, Wells Fargo & Company increased their price target on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.33.

Hewlett Packard Enterprise Price Performance

Shares of Hewlett Packard Enterprise stock traded up $0.17 during trading on Wednesday, hitting $22.85. The stock had a trading volume of 33,347,281 shares, compared to its average volume of 18,943,408. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. The firm has a market cap of $29.98 billion, a P/E ratio of 23.08, a PEG ratio of 3.28 and a beta of 1.43. The business has a fifty day moving average of $20.97 and a two-hundred day moving average of $18.35. Hewlett Packard Enterprise Company has a fifty-two week low of $11.97 and a fifty-two week high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.09). Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. On average, sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.3%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction 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 through the SEC website. Also, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 378,590 shares of company stock valued at $8,106,833 over the last three months. Company insiders own 0.36% of the company's stock.

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.