MUFG Securities EMEA plc Takes $9.61 Million Position in Hewlett Packard Enterprise Company (NYSE:HPE)

Key Points

• MUFG Securities EMEA plc acquired a new stake in Hewlett Packard Enterprise Company, purchasing 623,000 shares valued at approximately $9.6 million in the first quarter.
• The technology company reported a quarterly earnings per share (EPS) of $0.38, exceeding estimates, with revenue of $7.63 billion, marking a 5.9% increase from the previous year.
• Hewlett Packard Enterprise declared a quarterly dividend of $0.13 per share, resulting in an annualized yield of 2.5% and a payout ratio of 52.53%.

MUFG Securities EMEA plc purchased a new position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 623,000 shares of the technology company's stock, valued at approximately $9,613,000.

Several other large investors also recently added to or reduced their stakes in HPE. Cerity Partners LLC grew its position in Hewlett Packard Enterprise by 4.7% during the fourth quarter. Cerity Partners LLC now owns 316,540 shares of the technology company's stock valued at $6,711,000 after buying an additional 14,338 shares during the period. Bank of Nova Scotia grew its position in Hewlett Packard Enterprise by 2.1% during the fourth quarter. Bank of Nova Scotia now owns 438,111 shares of the technology company's stock valued at $9,354,000 after buying an additional 9,175 shares during the period. Advisory Services Network LLC grew its position in Hewlett Packard Enterprise by 34.9% during the fourth quarter. Advisory Services Network LLC now owns 25,688 shares of the technology company's stock valued at $548,000 after buying an additional 6,651 shares during the period. Bessemer Group Inc. grew its position in Hewlett Packard Enterprise by 1.0% during the fourth quarter. Bessemer Group Inc. now owns 204,363 shares of the technology company's stock valued at $4,363,000 after buying an additional 2,059 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in Hewlett Packard Enterprise by 1.2% during the fourth quarter. Treasurer of the State of North Carolina now owns 749,410 shares of the technology company's stock valued at $16,000,000 after buying an additional 8,974 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Stock Up 3.5%

Shares of NYSE:HPE traded up $0.73 during trading on Tuesday, reaching $21.32. The stock had a trading volume of 17,056,817 shares, compared to its average volume of 18,964,383. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $24.66. The company has a market capitalization of $27.97 billion, a P/E ratio of 21.53, a PEG ratio of 3.00 and a beta of 1.37. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The firm's 50-day simple moving average is $19.68 and its 200 day simple moving average is $18.25.

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

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were given 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 dividend payout ratio (DPR) is currently 52.53%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HPE. Raymond James Financial upped their price target on shares of Hewlett Packard Enterprise from $23.00 to $26.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, June 4th. UBS Group upped their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Wall Street Zen raised shares of Hewlett Packard Enterprise from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Bank of America increased their target price on shares of Hewlett Packard Enterprise from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, Wells Fargo & Company upped their price target on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an "equal weight" rating in a report on Thursday, July 3rd. Eleven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and a consensus price target of $22.87.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Phil Mottram sold 30,000 shares of the firm'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 transaction of $616,200.00. Following the transaction, the executive vice president directly owned 42,427 shares of the company's stock, valued at $871,450.58. This represents a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,590 shares of company stock valued at $2,436,000 over the last three months. 0.36% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Company 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.