3,294,409 Shares in Hewlett Packard Enterprise Company $HPE Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) in the second quarter, Holdings Channel reports. The firm acquired 3,294,409 shares of the technology company’s stock, valued at approximately $148,611,000.

Other large investors also recently added to or reduced their stakes in the company. Persistent Asset Partners Ltd bought a new position in Hewlett Packard Enterprise in the 2nd quarter worth about $84,000. Beverly Hills Private Wealth LLC bought a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $287,000. OneDigital Investment Advisors LLC purchased a new stake in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $253,000. Plato Investment Management Ltd bought a new position in Hewlett Packard Enterprise in the second quarter worth approximately $1,729,000. Finally, Bell Investment Advisors Inc purchased a new position in Hewlett Packard Enterprise during the 2nd quarter worth $109,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Raymond James Financial upped their target price on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd. Weiss Ratings upgraded Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. Wells Fargo & Company upped their price objective on shares of Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 2nd. Sanford C. Bernstein increased their target price on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a “market perform” rating in a report on Tuesday, June 2nd. Finally, Susquehanna raised their target price on shares of Hewlett Packard Enterprise from $21.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.80.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise Stock Down 3.4%

NYSE:HPE opened at $55.68 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. Hewlett Packard Enterprise Company has a twelve month low of $19.84 and a twelve month high of $64.25. The company has a market cap of $73.73 billion, a PE ratio of 52.04, a P/E/G ratio of 0.63 and a beta of 1.42. The company’s 50 day moving average is $48.52 and its two-hundred day moving average is $35.13.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. The business had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The business’s quarterly revenue was up 40.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.82) earnings per share. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. Analysts anticipate that Hewlett Packard Enterprise Company will post 2.9 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th were issued a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 16th. Hewlett Packard Enterprise’s dividend payout ratio is presently 53.27%.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.