Sumitomo Mitsui Trust Group Inc. Has $79.75 Million Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 11.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,898,013 shares of the technology company's stock after purchasing an additional 407,637 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.30% of Hewlett Packard Enterprise worth $79,753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Hewlett Packard Enterprise by 23.0% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 453,524 shares of the technology company's stock valued at $9,279,000 after purchasing an additional 84,697 shares during the last quarter. First National Trust Co boosted its holdings in shares of Hewlett Packard Enterprise by 9.6% in the 3rd quarter. First National Trust Co now owns 36,775 shares of the technology company's stock worth $752,000 after acquiring an additional 3,220 shares in the last quarter. Venturi Wealth Management LLC grew its position in Hewlett Packard Enterprise by 252.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,761 shares of the technology company's stock worth $56,000 after acquiring an additional 1,977 shares during the last quarter. GDS Wealth Management acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at $2,635,000. Finally, Chartwell Investment Partners LLC bought a new position in Hewlett Packard Enterprise in the 3rd quarter valued at $10,033,000. 80.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HPE shares. Deutsche Bank Aktiengesellschaft began coverage on Hewlett Packard Enterprise in a research note on Wednesday, October 9th. They issued a "hold" rating and a $22.00 target price for the company. Barclays upgraded shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $20.00 to $24.00 in a research report on Wednesday, September 25th. Citigroup initiated coverage on shares of Hewlett Packard Enterprise in a research report on Monday, September 23rd. They set a "neutral" rating and a $20.00 target price on the stock. Susquehanna restated a "neutral" rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Finally, Bank of America raised Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $21.46.

Insider Activity

In other news, EVP Neil B. Macdonald sold 29,000 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the sale, the executive vice president now owns 82,061 shares of the company's stock, valued at $1,395,037. The trade was a 26.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jeremy Cox sold 7,770 shares of the firm's stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total transaction of $163,170.00. Following the completion of the transaction, the senior vice president now directly owns 7,771 shares of the company's stock, valued at approximately $163,191. This trade represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 426,012 shares of company stock worth $8,599,617 in the last 90 days. Corporate insiders own 0.40% of the company's stock.

Hewlett Packard Enterprise Trading Down 1.1 %

Hewlett Packard Enterprise stock traded down $0.24 during midday trading on Friday, hitting $21.10. 1,796,129 shares of the stock were exchanged, compared to its average volume of 15,242,405. Hewlett Packard Enterprise has a 52 week low of $14.47 and a 52 week high of $22.82. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $27.40 billion, a PE ratio of 15.29, a P/E/G ratio of 3.39 and a beta of 1.19. The company has a fifty day simple moving average of $19.80 and a two-hundred day simple moving average of $19.40.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. The company had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm's revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise's dividend payout ratio is currently 37.14%.

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.