Sumitomo Mitsui Trust Group Inc. Has $76.36 Million Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,576,347 shares of the technology company's stock after selling 321,666 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.27% of Hewlett Packard Enterprise worth $76,355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. RPg Family Wealth Advisory LLC bought a new stake in Hewlett Packard Enterprise during the third quarter worth approximately $25,000. Valley Wealth Managers Inc. bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth $26,000. Financial Management Professionals Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 80.3% in the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company's stock valued at $29,000 after buying an additional 637 shares during the period. Tandem Financial LLC bought a new position in Hewlett Packard Enterprise during the fourth quarter valued at about $32,000. Finally, Rise Advisors LLC grew its holdings in 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 acquiring an additional 625 shares during the period. 80.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HPE shares. Raymond James raised shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Loop Capital upped their price target on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a "hold" rating in a report on Monday, December 9th. Morgan Stanley raised Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $23.00 to $28.00 in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded 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. Finally, Citigroup upgraded Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and increased their price target for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of "Moderate Buy" and a consensus target price of $24.00.

Hewlett Packard Enterprise Stock Up 0.9 %

Shares of NYSE HPE traded up $0.20 during mid-day trading on Thursday, reaching $21.29. The company had a trading volume of 9,622,343 shares, compared to its average volume of 15,016,721. 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 company has a market capitalization of $28.00 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 1.98 and a beta of 1.19. The stock has a fifty day moving average of $22.05 and a two-hundred day moving average of $20.49. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $24.66.

Hewlett Packard Enterprise Announces Dividend

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

Insider Buying and Selling at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 7,771 shares of the firm's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $23.00, for a total transaction of $178,733.00. Following the completion of the sale, the senior vice president now directly owns 61,735 shares of the company's stock, valued at $1,419,905. This trade represents a 11.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the business'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 completion of the sale, the executive vice president now directly owns 270,430 shares of the company's stock, valued at approximately $5,846,696.60. The trade was a 49.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 332,166 shares of company stock valued at $7,300,629 in the last quarter. Company insiders own 0.40% of the company's stock.

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.