Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 128,115 shares of the technology company’s stock after acquiring an additional 1,507 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Hewlett Packard Enterprise were worth $2,621,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. boosted its stake in shares of Hewlett Packard Enterprise by 571.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock worth $28,000 after purchasing an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Hewlett Packard Enterprise during the second quarter valued at approximately $28,000. ORG Partners LLC boosted its position in Hewlett Packard Enterprise by 224.5% during the second quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock worth $39,000 after acquiring an additional 1,282 shares during the last quarter. Rise Advisors LLC boosted its position in Hewlett Packard Enterprise by 45.5% during the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock worth $41,000 after acquiring an additional 625 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter worth approximately $51,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Antonio F. Neri sold 250,000 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,508,641 shares in the company, valued at approximately $31,274,127.93. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Neil B. Macdonald sold 29,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the sale, the executive vice president now owns 82,061 shares in the company, valued at approximately $1,395,037. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Antonio F. Neri sold 250,000 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the transaction, the chief executive officer now directly owns 1,508,641 shares in the company, valued at $31,274,127.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 426,012 shares of company stock worth $8,599,617 in the last three months. 0.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HPE. Deutsche Bank Aktiengesellschaft assumed coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price objective for the company. Loop Capital upped their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Monday, September 9th. Barclays raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $20.00 to $24.00 in a research report on Wednesday, September 25th. Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $21.00 to $24.00 in a research note on Tuesday, September 17th. Finally, Susquehanna reiterated a “neutral” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $21.46.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock opened at $20.69 on Monday. The firm has a fifty day simple moving average of $19.11 and a 200-day simple moving average of $19.01. The company has a market capitalization of $26.89 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The company had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.67 billion. During the same period in the prior year, the company posted $0.35 EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.66 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, October 18th. Shareholders of record on Thursday, September 19th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.51%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 37.96%.

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.