Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 8.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,360,638 shares of the technology company's stock after purchasing an additional 108,674 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.10% of Hewlett Packard Enterprise worth $23,185,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HPE. Fifth Third Bancorp boosted its position in Hewlett Packard Enterprise by 13.7% in the 3rd quarter. Fifth Third Bancorp now owns 32,753 shares of the technology company's stock valued at $569,000 after buying an additional 3,956 shares during the last quarter. Allworth Financial LP increased its stake in Hewlett Packard Enterprise by 3.3% in the 3rd quarter. Allworth Financial LP now owns 47,421 shares of the technology company's stock valued at $824,000 after buying an additional 1,524 shares during the last quarter. Wealthfront Advisers LLC increased its stake in shares of Hewlett Packard Enterprise by 3.0% during the 3rd quarter. Wealthfront Advisers LLC now owns 28,024 shares of the technology company's stock worth $487,000 after purchasing an additional 810 shares during the last quarter. Wakefield Asset Management LLLP acquired a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth about $377,000. Finally, New Mexico Educational Retirement Board increased its stake in shares of Hewlett Packard Enterprise by 8.2% during the 3rd quarter. New Mexico Educational Retirement Board now owns 67,408 shares of the technology company's stock worth $1,171,000 after purchasing an additional 5,100 shares during the last quarter. Institutional investors own 80.78% of the company's stock.

Insider Activity

In other news, SVP Jeremy Cox sold 18,323 shares of the company's stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total value of $310,758.08. Following the sale, the senior vice president now owns 15,541 shares in the company, valued at $263,575.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HPE shares. StockNews.com lowered shares of Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Saturday, April 27th. Barclays cut their price objective on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Friday, March 1st. Wells Fargo & Company boosted their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Wednesday, April 17th. Evercore ISI cut their price objective on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an "in-line" rating for the company in a report on Friday, March 1st. Finally, Morgan Stanley boosted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an "equal weight" rating in a report on Monday, April 15th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $17.91.

Hewlett Packard Enterprise Stock Down 0.2 %

Shares of NYSE:HPE traded down $0.03 during midday trading on Friday, reaching $17.86. The company's stock had a trading volume of 9,124,730 shares, compared to its average volume of 14,030,523. The firm has a market capitalization of $23.22 billion, a P/E ratio of 12.34, a PEG ratio of 3.33 and a beta of 1.20. The firm has a 50 day moving average of $17.39 and a 200-day moving average of $16.51. Hewlett Packard Enterprise has a 12-month low of $13.79 and a 12-month high of $20.07. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last released its earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The company 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 firm's quarterly revenue was down 13.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 EPS. On average, research analysts anticipate that Hewlett Packard Enterprise will post 1.4 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise's dividend payout ratio (DPR) 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.