Sumitomo Mitsui DS Asset Management Company Ltd Increases Position in Hewlett Packard Enterprise (NYSE:HPE)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 142,835 shares of the technology company's stock after buying 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 Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. boosted its position in shares of Hewlett Packard Enterprise by 3,537.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 5,788,154 shares of the technology company's stock worth $127,571,000 after buying an additional 5,629,006 shares in the last quarter. Mizuho Markets Americas LLC purchased a new stake in shares of Hewlett Packard Enterprise in the third quarter valued at about $105,185,000. Pacer Advisors Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 18.1% in the third quarter. Pacer Advisors Inc. now owns 27,383,858 shares of the technology company's stock valued at $560,274,000 after purchasing an additional 4,194,213 shares in the last quarter. Raymond James & Associates lifted 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 in the last quarter. Finally, Nordea Investment Management AB lifted its holdings 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 in the last quarter. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Trading Up 0.9 %

NYSE:HPE traded up $0.20 during trading hours on Thursday, reaching $21.29. 9,622,343 shares of the company were exchanged, compared to its average volume of 15,016,721. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The firm has a market cap of $28.00 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 1.98 and a beta of 1.19. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $24.66. The stock has a 50 day simple moving average of $22.05 and a 200 day simple moving average of $20.49.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 27.37%.

Insider Buying and Selling

In related news, 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 value of $5,682,125.16. Following the transaction, the executive vice president now owns 270,430 shares in the company, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jeremy Cox sold 7,771 shares of the firm's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the completion of the transaction, the senior vice president now directly owns 61,735 shares in the company, valued at approximately $1,419,905. This represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. 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 research note on Thursday, December 19th. Raymond James upgraded Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and upped their price objective for the company from $23.00 to $29.00 in a research report on Monday, November 18th. StockNews.com downgraded Hewlett Packard Enterprise from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Stifel Nicolaus upped their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a "buy" rating in a report on Friday, December 6th. Finally, Loop Capital upped their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a "hold" rating in a report on Monday, December 9th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $24.00.

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.