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

Sumitomo Mitsui Trust Group Inc. grew its position in shares of Hewlett Packard Enterprise (NYSE:HPE) by 11.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 about 0.30% of Hewlett Packard Enterprise worth $79,753,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Investment Counsel Inc boosted its holdings in shares of Hewlett Packard Enterprise by 1.2% during the 2nd quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company’s stock worth $874,000 after buying an additional 500 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in Hewlett Packard Enterprise by 4.8% during the second quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company’s stock worth $231,000 after acquiring an additional 501 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Hewlett Packard Enterprise by 0.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company’s stock worth $2,363,000 after purchasing an additional 536 shares during the period. Bailard Inc. increased its stake in Hewlett Packard Enterprise by 1.7% in the second quarter. Bailard Inc. now owns 35,349 shares of the technology company’s stock valued at $748,000 after purchasing an additional 580 shares in the last quarter. Finally, Werba Rubin Papier Wealth Management raised its holdings in shares of Hewlett Packard Enterprise by 2.5% during the third quarter. Werba Rubin Papier Wealth Management now owns 23,583 shares of the technology company’s stock valued at $483,000 after purchasing an additional 581 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of research reports. Susquehanna reaffirmed a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Barclays raised Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $20.00 to $24.00 in a research report on Wednesday, September 25th. Citigroup began coverage on shares of Hewlett Packard Enterprise in a research report on Monday, September 23rd. They issued a “neutral” rating and a $20.00 price target for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, October 9th. They set a “hold” rating and a $22.00 price objective on the stock. Finally, Bank of America upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price objective for the company 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $21.46.

Insider Activity

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

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $21.35 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94. The company has a 50 day simple moving average of $19.73 and a two-hundred day simple moving average of $19.39. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The company has a market capitalization of $27.72 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 3.37 and a beta of 1.19.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The company had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.67 billion. During the same quarter in the previous year, the business posted $0.35 EPS. Hewlett Packard Enterprise’s revenue was up 10.1% compared to the same quarter last year. Analysts expect that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.44%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is presently 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.