Mirae Asset Global Investments Co. Ltd. Has $8.48 Million Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Mirae Asset Global Investments Co. Ltd. grew its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 26.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 499,247 shares of the technology company's stock after acquiring an additional 104,030 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Hewlett Packard Enterprise were worth $8,477,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in HPE. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Hewlett Packard Enterprise by 12.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 33,447 shares of the technology company's stock valued at $581,000 after buying an additional 3,686 shares in the last quarter. Raymond James & Associates lifted its position in shares of Hewlett Packard Enterprise by 13.2% during the fourth quarter. Raymond James & Associates now owns 932,921 shares of the technology company's stock worth $15,841,000 after purchasing an additional 108,971 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Hewlett Packard Enterprise by 0.9% in the third quarter. Nordea Investment Management AB now owns 4,024,719 shares of the technology company's stock valued at $70,272,000 after purchasing an additional 36,793 shares during the period. Citigroup Inc. grew its holdings in Hewlett Packard Enterprise by 70.2% during the 3rd quarter. Citigroup Inc. now owns 3,550,595 shares of the technology company's stock valued at $61,674,000 after purchasing an additional 1,464,650 shares in the last quarter. Finally, Morgan Stanley increased its stake in Hewlett Packard Enterprise by 4.2% during the 3rd quarter. Morgan Stanley now owns 15,879,051 shares of the technology company's stock worth $275,819,000 after buying an additional 634,727 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE:HPE traded down $0.52 during trading on Friday, hitting $17.42. 14,035,134 shares of the company traded hands, compared to its average volume of 14,495,630. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. The business's fifty day moving average is $16.70 and its 200-day moving average is $16.41. The stock has a market capitalization of $22.65 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 3.32 and a beta of 1.21. Hewlett Packard Enterprise has a one year low of $13.65 and a one year high of $20.07.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $6.76 billion during the quarter, compared to analyst estimates of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The company's quarterly revenue was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 earnings per share. As a group, equities analysts predict that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.52 annualized dividend and a dividend yield of 2.99%. Hewlett Packard Enterprise's dividend payout ratio is presently 35.86%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. StockNews.com cut shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Thursday. Evercore ISI lowered their price objective on Hewlett Packard Enterprise from $19.00 to $18.00 and set an "in-line" rating for the company in a research note on Friday, March 1st. Stifel Nicolaus cut their target price on Hewlett Packard Enterprise from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Friday, March 1st. Sanford C. Bernstein downgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $20.00 to $17.00 in a research report on Tuesday, January 16th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $17.00 price target (down from $21.00) on shares of Hewlett Packard Enterprise in a report on Friday, March 1st. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $17.45.

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.