Mitsubishi UFJ Trust & Banking Corp Has $32.45 Million Position in Hewlett Packard Enterprise (NYSE:HPE)

Mitsubishi UFJ Trust & Banking Corp cut its stake in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 6.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,817,646 shares of the technology company's stock after selling 127,537 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.14% of Hewlett Packard Enterprise worth $32,447,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Midwest Professional Planners LTD. boosted its stake in shares of Hewlett Packard Enterprise by 9.7% in the first quarter. Midwest Professional Planners LTD. now owns 51,477 shares of the technology company's stock valued at $913,000 after purchasing an additional 4,571 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Hewlett Packard Enterprise by 16.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,577,950 shares of the technology company's stock valued at $27,977,000 after purchasing an additional 217,312 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Hewlett Packard Enterprise by 1.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 1,524,217 shares of the technology company's stock valued at $27,024,000 after purchasing an additional 21,238 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Hewlett Packard Enterprise during the 1st quarter worth $2,432,000. Finally, Cozad Asset Management Inc. grew its stake in shares of Hewlett Packard Enterprise by 0.5% during the first quarter. Cozad Asset Management Inc. now owns 145,207 shares of the technology company's stock worth $2,575,000 after purchasing an additional 756 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company's stock.

Insider Activity

In related news, SVP Jeremy Cox sold 18,323 shares of the business's stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total transaction of $310,758.08. Following the sale, the senior vice president now owns 15,541 shares of the company's stock, valued at $263,575.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $16.96, for a total transaction of $310,758.08. Following the completion of the transaction, the senior vice president now directly owns 15,541 shares of the company's stock, valued at $263,575.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Neil B. Macdonald sold 36,671 shares of the company's stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $20.51, for a total value of $752,122.21. Following the completion of the sale, the executive vice president now directly owns 111,054 shares in the company, valued at approximately $2,277,717.54. The disclosure for this sale can be found here. Insiders sold 158,464 shares of company stock worth $3,160,866 in the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Bank of America upped their price target on Hewlett Packard Enterprise from $22.00 to $24.00 and gave the company a "neutral" rating in a report on Friday, June 21st. Morgan Stanley reissued an "equal weight" rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a research report on Thursday, June 20th. Susquehanna lifted their price target on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 5th. Argus raised Hewlett Packard Enterprise from a "hold" rating to a "buy" rating and set a $26.00 price objective for the company in a report on Friday, June 7th. Finally, Barclays raised their price objective on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 5th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of "Hold" and an average target price of $21.08.

Hewlett Packard Enterprise Stock Performance

NYSE HPE traded up $0.11 during trading hours on Monday, hitting $20.59. 9,644,112 shares of the stock were exchanged, compared to its average volume of 15,840,973. The company has a quick ratio of 0.59, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a market cap of $26.76 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 2.96 and a beta of 1.19. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The stock has a 50-day moving average of $19.95 and a 200 day moving average of $17.76.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its earnings results on Tuesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the prior year, the business posted $0.32 EPS. The company's revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities research analysts forecast that Hewlett Packard Enterprise will post 1.59 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, June 19th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.53%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 37.96%.

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.