Mitsubishi UFJ Asset Management Co. Ltd. Acquires 217,312 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 16.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,577,950 shares of the technology company’s stock after buying an additional 217,312 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.12% of Hewlett Packard Enterprise worth $27,977,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates lifted its stake in shares of Hewlett Packard Enterprise by 13.2% in the 4th quarter. Raymond James & Associates now owns 932,921 shares of the technology company’s stock valued at $15,841,000 after purchasing an additional 108,971 shares during the last quarter. Nordea Investment Management AB boosted its stake in Hewlett Packard Enterprise by 12.3% during the first quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock worth $84,166,000 after buying an additional 517,734 shares during the period. Sei Investments Co. boosted its stake in Hewlett Packard Enterprise by 56.1% during the first quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock worth $23,455,000 after buying an additional 475,397 shares during the period. Mackenzie Financial Corp increased its position in Hewlett Packard Enterprise by 17.4% during the fourth quarter. Mackenzie Financial Corp now owns 1,562,640 shares of the technology company’s stock valued at $26,534,000 after acquiring an additional 232,150 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Hewlett Packard Enterprise by 5.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock valued at $68,356,000 after acquiring an additional 196,112 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock traded down $0.14 on Thursday, hitting $20.67. The company had a trading volume of 10,712,912 shares, compared to its average volume of 15,928,490. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82. The company has a quick ratio of 0.59, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm has a market cap of $26.86 billion, a P/E ratio of 15.19, a price-to-earnings-growth ratio of 3.10 and a beta of 1.19. The company has a 50-day moving average price of $19.81 and a 200-day moving average price of $17.70.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.82 billion. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. Hewlett Packard Enterprise’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 earnings per share. As a group, equities research analysts predict that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th will be given a $0.13 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.52%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 37.96%.

Insider Transactions at Hewlett Packard Enterprise

In related news, CEO Gerri Gold sold 22,784 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the transaction, the chief executive officer now owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Gary M. Reiner sold 50,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $19.51, for a total transaction of $975,500.00. Following the completion of the transaction, the director now owns 150,948 shares in the company, valued at approximately $2,944,995.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the sale, the chief executive officer now owns 57,081 shares in the company, valued at $1,236,945.27. The disclosure for this sale can be found here. Insiders have sold a total of 158,464 shares of company stock valued at $3,160,866 in the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Evercore ISI lifted their target price on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 5th. Argus upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Friday, June 7th. Finally, Bank of America lifted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, June 21st. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average price target of $21.08.

About Hewlett Packard Enterprise

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.