Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,659,265 shares of the technology company's stock after purchasing an additional 205,869 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.28% of Hewlett Packard Enterprise worth $62,134,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Hewlett Packard Enterprise by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 152,566,180 shares of the technology company's stock valued at $2,549,380,000 after purchasing an additional 1,824,331 shares in the last quarter. State Street Corp boosted its holdings in Hewlett Packard Enterprise by 2.9% in the 1st quarter. State Street Corp now owns 70,328,694 shares of the technology company's stock worth $1,183,418,000 after buying an additional 1,959,250 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Hewlett Packard Enterprise by 0.9% in the 1st quarter. Geode Capital Management LLC now owns 27,039,043 shares of the technology company's stock worth $430,081,000 after buying an additional 238,050 shares during the last quarter. Morgan Stanley boosted its holdings in Hewlett Packard Enterprise by 4.2% in 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 last quarter. Finally, Northern Trust Corp boosted its holdings in Hewlett Packard Enterprise by 6.6% in the 3rd quarter. Northern Trust Corp now owns 14,831,872 shares of the technology company's stock worth $257,630,000 after buying an additional 913,014 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HPE. StockNews.com upgraded Hewlett Packard Enterprise from a "hold" rating to a "buy" rating in a report on Friday. Evercore ISI lowered their price objective on Hewlett Packard Enterprise from $19.00 to $18.00 and set an "in-line" rating on the stock in a report on Friday, March 1st. Wells Fargo & Company lifted their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an "equal weight" rating in a report on Wednesday. Barclays lowered their price objective on Hewlett Packard Enterprise from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Friday, March 1st. Finally, Sanford C. Bernstein cut Hewlett Packard Enterprise from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $20.00 to $17.00 in a report on Tuesday, January 16th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $17.91.

Hewlett Packard Enterprise Trading Down 1.5 %

HPE traded down $0.25 during trading hours on Friday, reaching $16.79. The company's stock had a trading volume of 12,482,710 shares, compared to its average volume of 15,252,446. Hewlett Packard Enterprise has a fifty-two week low of $13.65 and a fifty-two week high of $20.07. The stock has a market cap of $21.82 billion, a PE ratio of 11.75, a P/E/G ratio of 3.15 and a beta of 1.21. The business's 50-day moving average is $16.84 and its 200-day moving average is $16.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.63.

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

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise's dividend payout ratio is presently 35.86%.

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.