Sumitomo Mitsui Asset Management Company LTD Has $1.54 Million Stake in Hewlett Packard Enterprise Co (HPE)
Sumitomo Mitsui Asset Management Company LTD lifted its stake in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 1.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 100,100 shares of the technology company’s stock after buying an additional 1,137 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Hewlett Packard Enterprise were worth $1,544,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Boston Partners grew its stake in shares of Hewlett Packard Enterprise by 197.6% during the first quarter. Boston Partners now owns 28,872,991 shares of the technology company’s stock worth $445,510,000 after buying an additional 19,172,670 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Hewlett Packard Enterprise by 1,735.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 15,653,295 shares of the technology company’s stock worth $1,185,000 after acquiring an additional 14,800,633 shares during the period. Norges Bank purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth $153,699,000. Cambiar Investors LLC purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth $28,974,000. Finally, Deutsche Bank AG increased its position in shares of Hewlett Packard Enterprise by 35.5% during the 4th quarter. Deutsche Bank AG now owns 7,464,437 shares of the technology company’s stock worth $98,595,000 after purchasing an additional 1,955,359 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.
In other news, insider Philip Davis sold 13,974 shares of the stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $16.50, for a total transaction of $230,571.00. Following the completion of the transaction, the insider now directly owns 16,412 shares in the company, valued at approximately $270,798. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Antonio F. Neri sold 591,276 shares of the stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $16.51, for a total transaction of $9,761,966.76. Following the transaction, the insider now owns 59,110 shares of the company’s stock, valued at $975,906.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,251,562 shares of company stock valued at $37,016,136. Company insiders own 0.56% of the company’s stock.
Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Thursday, February 21st. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.07. The firm had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.68 billion. Hewlett Packard Enterprise had a return on equity of 11.31% and a net margin of 2.11%. During the same quarter in the prior year, the company earned $0.34 EPS. On average, analysts forecast that Hewlett Packard Enterprise Co will post 1.64 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th will be paid a dividend of $0.1125 per share. The ex-dividend date is Tuesday, June 11th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.99%. Hewlett Packard Enterprise’s dividend payout ratio is 28.85%.
A number of brokerages recently issued reports on HPE. Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Tuesday, February 26th. UBS Group cut shares of Hewlett Packard Enterprise from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $17.00 to $13.00 in a research report on Tuesday, March 12th. BMO Capital Markets reiterated a “hold” rating and set a $16.00 target price on shares of Hewlett Packard Enterprise in a report on Thursday, February 21st. ValuEngine upgraded Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Finally, Daiwa Capital Markets started coverage on Hewlett Packard Enterprise in a report on Monday, April 1st. They set a “hold” rating and a $16.00 target price for the company. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Hewlett Packard Enterprise has a consensus rating of “Hold” and a consensus target price of $16.92.
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Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
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