Resona Asset Management Co. Ltd. Purchases 53,156 Shares of Hewlett Packard Enterprise Company (NYSE:HPE)

Resona Asset Management Co. Ltd. boosted its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 13.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 444,011 shares of the technology company's stock after buying an additional 53,156 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Hewlett Packard Enterprise were worth $6,874,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its stake in Hewlett Packard Enterprise by 2.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 128,064 shares of the technology company's stock valued at $2,731,000 after purchasing an additional 3,498 shares during the last quarter. Townsquare Capital LLC boosted its stake in Hewlett Packard Enterprise by 5.2% during the 4th quarter. Townsquare Capital LLC now owns 20,800 shares of the technology company's stock valued at $444,000 after purchasing an additional 1,036 shares during the last quarter. Mariner LLC boosted its stake in Hewlett Packard Enterprise by 7.1% during the 4th quarter. Mariner LLC now owns 291,260 shares of the technology company's stock valued at $6,218,000 after purchasing an additional 19,364 shares during the last quarter. Jump Financial LLC acquired a new position in Hewlett Packard Enterprise during the 4th quarter valued at about $303,000. Finally, Regal Investment Advisors LLC boosted its stake in Hewlett Packard Enterprise by 27.4% during the 4th quarter. Regal Investment Advisors LLC now owns 24,186 shares of the technology company's stock valued at $516,000 after purchasing an additional 5,198 shares during the last quarter. 80.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HPE. UBS Group boosted their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Wolfe Research began coverage on Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Loop Capital boosted their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research note on Monday, June 9th. Evercore ISI boosted their target price 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. Finally, Citigroup began coverage on Hewlett Packard Enterprise in a research note on Friday, July 25th. They issued a "buy" rating and a $25.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $22.87.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 68,590 shares of the business's stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Phil Mottram sold 30,000 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $20.54, for a total transaction of $616,200.00. Following the sale, the executive vice president directly owned 42,427 shares in the company, valued at $871,450.58. The trade was a 41.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,590 shares of company stock worth $2,436,000 in the last three months. Insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Trading Down 1.1%

Shares of HPE stock opened at $21.32 on Friday. The company's fifty day simple moving average is $19.89 and its two-hundred day simple moving average is $18.29. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.96. Hewlett Packard Enterprise Company has a 1 year low of $11.97 and a 1 year high of $24.66. The stock has a market capitalization of $27.97 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 3.11 and a beta of 1.37.

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

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders 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 presently 52.53%.

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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