Mufg Securities Americas Inc. Buys Shares of 19,170 Hewlett Packard Enterprise (NYSE:HPE)

Mufg Securities Americas Inc. acquired a new stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,170 shares of the technology company's stock, valued at approximately $409,000.

Several other institutional investors have also recently added to or reduced their stakes in HPE. Hara Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $28,000. Tandem Financial LLC acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth $32,000. Conquis Financial LLC acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at $41,000. R Squared Ltd purchased a new stake in Hewlett Packard Enterprise during the fourth quarter valued at about $45,000. Finally, Tompkins Financial Corp lifted its holdings in shares of Hewlett Packard Enterprise by 397.9% in the fourth quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company's stock valued at $61,000 after purchasing an additional 2,300 shares in the last quarter. Institutional investors own 80.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley lowered shares of Hewlett Packard Enterprise from an "overweight" rating to an "equal weight" rating and set a $14.00 target price for the company. in a research note on Tuesday, April 8th. Susquehanna lowered their target price on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Loop Capital decreased their price objective on shares of Hewlett Packard Enterprise from $24.00 to $16.00 and set a "hold" rating on the stock in a research note on Monday, March 10th. Daiwa America cut Hewlett Packard Enterprise from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 12th. Finally, Barclays lowered their target price on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $20.60.

Hewlett Packard Enterprise Stock Performance

Shares of HPE traded down $0.30 during mid-day trading on Monday, hitting $17.45. The stock had a trading volume of 16,876,217 shares, compared to its average volume of 17,253,477. The firm has a market cap of $22.92 billion, a P/E ratio of 9.18, a PEG ratio of 2.03 and a beta of 1.29. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The business has a fifty day moving average price of $15.66 and a 200-day moving average price of $19.38. Hewlett Packard Enterprise has a 52 week low of $11.97 and a 52 week high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.98%. The ex-dividend date was Friday, March 21st. Hewlett Packard Enterprise's dividend payout ratio is presently 25.37%.

Insider Activity

In related news, Director Bethany Mayer sold 6,409 shares of the business's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.36% of the company's stock.

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.