Mitsubishi UFJ Trust & Banking Corp Sells 148,663 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 7.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,963,254 shares of the technology company’s stock after selling 148,663 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Hewlett Packard Enterprise were worth $41,915,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HPE. Geode Capital Management LLC raised its stake in shares of Hewlett Packard Enterprise by 0.8% in the third quarter. Geode Capital Management LLC now owns 31,492,740 shares of the technology company’s stock worth $642,748,000 after purchasing an additional 251,076 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Hewlett Packard Enterprise by 6.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,696,449 shares of the technology company’s stock worth $321,149,000 after buying an additional 921,624 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Hewlett Packard Enterprise in the 4th quarter valued at $292,959,000. Boston Partners lifted its stake in Hewlett Packard Enterprise by 19.1% during the 4th quarter. Boston Partners now owns 12,848,336 shares of the technology company’s stock valued at $276,075,000 after acquiring an additional 2,058,562 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Hewlett Packard Enterprise by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company’s stock worth $208,055,000 after acquiring an additional 135,874 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Down 2.7 %

Shares of Hewlett Packard Enterprise stock opened at $16.08 on Thursday. The stock has a market capitalization of $21.12 billion, a P/E ratio of 8.46, a P/E/G ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a 52-week low of $14.64 and a 52-week high of $24.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The stock’s 50-day simple moving average is $19.85 and its 200 day simple moving average is $20.45.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 25.37%.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the sale, the senior vice president now owns 48,615 shares of the company’s stock, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Bank of America lowered their target price on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating for the company in a report on Friday, March 7th. Daiwa Capital Markets cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research report on Wednesday, March 12th. Citigroup upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $23.00 to $26.00 in a research note on Friday, December 6th. Wells Fargo & Company decreased their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, March 7th. Finally, StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and a consensus target price of $21.27.

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.