Mitsubishi UFJ Asset Management Co. Ltd. Buys 171,108 Shares of Hewlett Packard Enterprise Company $HPE

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 7.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,565,276 shares of the technology company’s stock after purchasing an additional 171,108 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.20% of Hewlett Packard Enterprise worth $52,460,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. National Bank of Canada FI lifted its position in shares of Hewlett Packard Enterprise by 1,369.1% during the first quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company’s stock valued at $251,192,000 after buying an additional 15,171,314 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Hewlett Packard Enterprise by 3,847.1% in the second quarter. Assenagon Asset Management S.A. now owns 8,831,262 shares of the technology company’s stock worth $180,599,000 after purchasing an additional 8,607,523 shares during the last quarter. Mizuho Markets Cayman LP acquired a new position in shares of Hewlett Packard Enterprise during the second quarter worth $105,700,000. AQR Capital Management LLC boosted its position in shares of Hewlett Packard Enterprise by 45.6% in the 1st quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company’s stock worth $193,078,000 after purchasing an additional 3,922,516 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Hewlett Packard Enterprise by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company’s stock worth $2,579,896,000 after buying an additional 2,779,446 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 4th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Hewlett Packard Enterprise from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. UBS Group boosted their price objective on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Evercore ISI lifted their price target on Hewlett Packard Enterprise from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Finally, Raymond James Financial boosted their price target on Hewlett Packard Enterprise from $29.00 to $30.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.41.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 166,666 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $22.52, for a total value of $3,753,318.32. Following the completion of the transaction, the chief executive officer owned 1,919,060 shares in the company, valued at approximately $43,217,231.20. This represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary M. Reiner sold 40,000 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $24.58, for a total transaction of $983,200.00. Following the sale, the director directly owned 83,869 shares in the company, valued at approximately $2,061,500.02. The trade was a 32.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 543,738 shares of company stock valued at $12,922,932. Corporate insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $23.89 on Tuesday. Hewlett Packard Enterprise Company has a 52-week low of $11.97 and a 52-week high of $26.44. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. The stock has a market cap of $31.52 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 1.31 and a beta of 1.43. The business has a 50-day simple moving average of $24.20 and a 200-day simple moving average of $21.04.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.09). Hewlett Packard Enterprise had a net margin of 3.77% and a return on equity of 9.01%. The company had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $8.77 billion. During the same quarter in the prior year, the business posted $0.50 earnings per share. The firm’s revenue was up 19.8% compared to the same quarter last year. Hewlett Packard Enterprise has set its FY 2025 guidance at 1.880-1.920 EPS. Q4 2025 guidance at 0.560-0.600 EPS. On average, equities analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 18th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.2%. The ex-dividend date was Thursday, September 18th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 63.41%.

About Hewlett Packard Enterprise

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.