Hewlett Packard Enterprise Company $HPE Shares Acquired by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Hewlett Packard Enterprise Company (NYSE:HPE) by 8.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,721 shares of the technology company’s stock after buying an additional 4,222 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Hewlett Packard Enterprise were worth $798,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HPE. Putney Financial Group LLC bought a new stake in shares of Hewlett Packard Enterprise during the 4th quarter worth $25,000. Alpine Bank Wealth Management acquired a new position in shares of Hewlett Packard Enterprise in the 1st quarter valued at $25,000. Bruce G. Allen Investments LLC increased its stake in Hewlett Packard Enterprise by 345.0% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,318 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in Hewlett Packard Enterprise during the 1st quarter worth about $27,000. Finally, Hara Capital LLC purchased a new stake in Hewlett Packard Enterprise during the fourth quarter valued at about $28,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Trading Up 2.4%

NYSE HPE opened at $24.46 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.69. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $24.68. The firm’s fifty day simple moving average is $21.45 and its 200-day simple moving average is $18.45. The company has a market capitalization of $32.27 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 2.46 and a beta of 1.43.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.1%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 63.41%.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 68,590 shares of the firm’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Antonio F. Neri sold 83,334 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $24.04, for a total transaction of $2,003,349.36. Following the completion of the sale, the chief executive officer owned 1,752,392 shares of the company’s stock, valued at $42,127,503.68. This trade represents a 4.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 461,924 shares of company stock valued at $10,110,183 in the last three months. Corporate insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

HPE has been the topic of several analyst reports. KeyCorp started coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, June 26th. They issued a “sector weight” rating on the stock. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $22.00 to $28.00 in a research report on Thursday, August 21st. Wall Street Zen upgraded Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. Barclays lifted their price target on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday, July 3rd. Finally, Bank of America lifted their price target on Hewlett Packard Enterprise from $24.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $24.87.

Hewlett Packard Enterprise Company 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.