Mitsubishi UFJ Asset Management Co. Ltd. Increases Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 9.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,078,218 shares of the technology company’s stock after buying an additional 174,857 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Hewlett Packard Enterprise were worth $45,347,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HPE. Quest Partners LLC bought a new stake in Hewlett Packard Enterprise during the 3rd quarter worth approximately $50,000. Fisher Asset Management LLC increased its holdings in shares of Hewlett Packard Enterprise by 211.1% in the third quarter. Fisher Asset Management LLC now owns 33,973 shares of the technology company’s stock worth $695,000 after purchasing an additional 23,053 shares during the period. Townsquare Capital LLC purchased a new stake in shares of Hewlett Packard Enterprise in the third quarter worth $404,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Hewlett Packard Enterprise by 22.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 937,841 shares of the technology company’s stock worth $19,188,000 after buying an additional 173,303 shares in the last quarter. Finally, Fiduciary Trust Co grew its position in Hewlett Packard Enterprise by 12.1% during the third quarter. Fiduciary Trust Co now owns 32,046 shares of the technology company’s stock worth $656,000 after buying an additional 3,450 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.00, for a total value of $266,271.00. Following the sale, the senior vice president now directly owns 48,615 shares in the company, valued at approximately $1,118,145. This trade represents a 19.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wells Fargo & Company lowered their price target on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft raised 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 research note on Thursday, December 19th. Morgan Stanley decreased their price target on shares of Hewlett Packard Enterprise from $28.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Daiwa America downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. Finally, Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their target price for the company from $23.00 to $26.00 in a research note on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise has a consensus rating of “Moderate Buy” and a consensus target price of $21.27.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $15.80 on Friday. The company has a market capitalization of $20.75 billion, a P/E ratio of 8.31, a PEG ratio of 2.03 and a beta of 1.20. Hewlett Packard Enterprise has a fifty-two week low of $14.64 and a fifty-two week high of $24.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. The stock has a 50 day moving average price of $19.55 and a two-hundred day moving average price of $20.43.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be given a dividend of $0.13 per share. The ex-dividend date is Friday, March 21st. This represents a $0.52 annualized dividend and a yield of 3.29%. Hewlett Packard Enterprise’s payout ratio is currently 25.37%.

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.