Sumitomo Mitsui DS Asset Management Company Ltd Purchases 14,720 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 11.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 142,835 shares of the technology company’s stock after purchasing an additional 14,720 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Hewlett Packard Enterprise were worth $3,050,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Eagle Asset Management Inc. boosted its stake in shares of Hewlett Packard Enterprise by 3,537.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company’s stock worth $127,571,000 after acquiring an additional 5,629,006 shares during the period. Mizuho Markets Americas LLC acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at $105,185,000. Pacer Advisors Inc. boosted its position in Hewlett Packard Enterprise by 18.1% during the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company’s stock worth $560,274,000 after purchasing an additional 4,194,213 shares during the period. Raymond James & Associates increased its holdings in shares of Hewlett Packard Enterprise by 92.5% in the third quarter. Raymond James & Associates now owns 4,404,520 shares of the technology company’s stock valued at $90,116,000 after purchasing an additional 2,116,824 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Hewlett Packard Enterprise by 35.1% in the fourth quarter. Nordea Investment Management AB now owns 7,253,035 shares of the technology company’s stock valued at $155,142,000 after purchasing an additional 1,885,559 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 48,615 shares in the company, valued at $1,118,145. This represents a 19.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the sale, the executive vice president now owns 270,430 shares in the company, valued at $5,846,696.60. This represents a 49.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 332,166 shares of company stock valued at $7,300,629. Corporate insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of NYSE:HPE opened at $21.27 on Monday. The firm has a 50 day moving average of $22.06 and a 200-day moving average of $20.46. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $24.66. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $27.97 billion, a PE ratio of 11.19, a PEG ratio of 1.98 and a beta of 1.19.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were paid a $0.13 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.45%. Hewlett Packard Enterprise’s payout ratio is 27.37%.

Analysts Set New Price Targets

Several analysts recently commented on HPE shares. Barclays lifted their target price on shares of Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Morgan Stanley raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $23.00 to $28.00 in a research report on Thursday, December 5th. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $23.00 to $26.00 in a report on Friday, December 6th. Stifel Nicolaus upped their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

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.