Sumitomo Mitsui DS Asset Management Company Ltd Purchases 14,720 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Hewlett Packard Enterprise (NYSE:HPE) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 142,835 shares of the technology company’s stock after acquiring 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. acquired a new position in Hewlett Packard Enterprise in the third quarter valued at approximately $26,000. Financial Management Professionals Inc. boosted its stake in 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 acquiring an additional 637 shares during the last quarter. Tandem Financial LLC acquired a new stake in Hewlett Packard Enterprise during the 4th quarter worth $32,000. Finally, Rise Advisors LLC grew its holdings in Hewlett Packard Enterprise by 45.5% during the 3rd 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 and hedge funds.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 7,771 shares of Hewlett Packard Enterprise stock in a transaction on Friday, December 6th. The shares were sold at an average price of $23.00, for a total value of $178,733.00. Following the sale, the senior vice president now directly owns 61,735 shares in the company, valued at approximately $1,419,905. The trade was a 11.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John F. Schultz sold 262,818 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the transaction, the executive vice president now owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on HPE. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $23.00 to $29.00 in a research report on Monday, November 18th. Stifel Nicolaus upped their price target on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Loop Capital increased their price target on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, December 9th. StockNews.com cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of 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. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $21.27 on Monday. The company has a fifty day moving average price of $22.06 and a 200 day moving average price of $20.46. The firm has a market cap of $27.97 billion, a PE ratio of 11.19, a PEG ratio of 1.98 and a beta of 1.19. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.45%. Hewlett Packard Enterprise’s payout ratio is presently 27.37%.

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.