Mirae Asset Global Investments Co. Ltd. Has $2.71 Million Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 28.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,197 shares of the technology company's stock after purchasing an additional 27,914 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Hewlett Packard Enterprise were worth $2,709,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new position in Hewlett Packard Enterprise in the third quarter valued at $26,000. Financial Management Professionals Inc. grew its holdings in shares of Hewlett Packard Enterprise by 80.3% during the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock worth $29,000 after purchasing an additional 637 shares during the last quarter. Rise Advisors LLC increased its position in shares of 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 purchasing an additional 625 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $45,000. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HPE. Morgan Stanley upgraded Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Raymond James upgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Barclays boosted their price target on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. StockNews.com cut Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $25.00 target price on the stock in a report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.00.

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 7,771 shares of Hewlett Packard Enterprise stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.00, for a total value of $178,733.00. Following the completion of the sale, the senior vice president now owns 61,735 shares of the company's stock, valued at $1,419,905. The trade was a 11.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary M. Reiner sold 50,000 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $23.47, for a total transaction of $1,173,500.00. Following the sale, the director now directly owns 104,192 shares of the company's stock, valued at $2,445,386.24. This represents a 32.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 332,166 shares of company stock valued at $7,300,629 over the last quarter. Corporate insiders own 0.40% of the company's stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock traded up $0.20 during mid-day trading on Thursday, reaching $21.29. The stock had a trading volume of 9,622,343 shares, compared to its average volume of 15,016,721. 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 business has a 50-day simple moving average of $22.05 and a 200 day simple moving average of $20.49. The company has a market cap of $28.00 billion, a P/E ratio of 11.20, a price-to-earnings-growth ratio of 1.98 and a beta of 1.19.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 20th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Friday, December 20th. Hewlett Packard Enterprise's payout ratio is currently 27.37%.

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.