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

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Hewlett Packard Enterprise (NYSE:HPE) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 123,074 shares of the technology company’s stock after acquiring an additional 1,877 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Hewlett Packard Enterprise were worth $2,090,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Authentikos Wealth Advisory LLC acquired a new position in Hewlett Packard Enterprise in the third quarter valued at approximately $31,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in Hewlett Packard Enterprise in the third quarter valued at approximately $33,000. Salem Investment Counselors Inc. lifted its holdings in Hewlett Packard Enterprise by 180.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock valued at $33,000 after acquiring an additional 1,261 shares during the period. ORG Partners LLC lifted its holdings in Hewlett Packard Enterprise by 111.4% in the fourth quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock valued at $44,000 after acquiring an additional 1,378 shares during the period. Finally, NBC Securities Inc. acquired a new position in Hewlett Packard Enterprise in the third quarter valued at approximately $52,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Up 0.6 %

Shares of HPE opened at $16.93 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89. Hewlett Packard Enterprise has a one year low of $13.65 and a one year high of $20.07. The stock has a market capitalization of $22.01 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 3.11 and a beta of 1.21. The stock has a 50 day moving average price of $16.96 and a 200 day moving average price of $16.40.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $7.09 billion. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The firm’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 earnings per share. Equities research analysts forecast that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.07%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s payout ratio is currently 35.86%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wells Fargo & Company boosted their price target on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Evercore ISI reduced their target price on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating for the company in a research note on Friday, March 1st. Sanford C. Bernstein downgraded Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $20.00 to $17.00 in a research note on Tuesday, January 16th. Morgan Stanley upped their target price on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Finally, Barclays reduced their target price on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $17.91.

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.