Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 2.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,670,437 shares of the technology company's stock after purchasing an additional 94,090 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.28% of Hewlett Packard Enterprise worth $56,635,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in Hewlett Packard Enterprise by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 32,173,982 shares of the technology company's stock worth $686,011,000 after buying an additional 681,242 shares during the last quarter. Northern Trust Corp increased its stake in shares of Hewlett Packard Enterprise by 24.7% during the 4th quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company's stock worth $345,534,000 after purchasing an additional 3,208,424 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $292,959,000. Boston Partners lifted its stake in Hewlett Packard Enterprise by 19.1% in the fourth quarter. Boston Partners now owns 12,848,336 shares of the technology company's stock valued at $276,075,000 after purchasing an additional 2,058,562 shares during the last quarter. Finally, Slate Path Capital LP grew its holdings in Hewlett Packard Enterprise by 44.8% during the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company's stock valued at $270,914,000 after purchasing an additional 3,924,039 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Hewlett Packard Enterprise
In related news, EVP Phil Mottram sold 30,000 shares of the 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 transaction, the executive vice president 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the company'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 value of $1,264,799.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,999 shares of company stock valued at $2,520,534. Insiders own 0.36% of the company's stock.
Wall Street Analysts Forecast Growth
HPE has been the topic of several research reports. Daiwa America lowered Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 12th. KeyCorp started coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, June 26th. They set a "sector weight" rating for the company. Raymond James Financial lifted their target price on shares of 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. 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. Finally, Susquehanna cut their price objective on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.85.
View Our Latest Analysis on Hewlett Packard Enterprise
Hewlett Packard Enterprise Price Performance
NYSE:HPE traded up $0.07 during trading hours on Thursday, hitting $21.32. 12,295,750 shares of the company's stock traded hands, compared to its average volume of 16,776,674. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $24.66. The business's fifty day simple moving average is $17.71 and its two-hundred day simple moving average is $18.63. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52. The firm has a market cap of $27.97 billion, a P/E ratio of 21.53, a P/E/G ratio of 2.96 and a beta of 1.35.
Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.33 by $0.05. The company had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. Hewlett Packard Enterprise's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 earnings per share. On average, research analysts anticipate 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 will be paid on Thursday, July 17th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 52.53%.
Hewlett Packard Enterprise Company Profile
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Free Report)
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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