Mufg Securities Americas Inc. Acquires New Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Mufg Securities Americas Inc. acquired a new stake in Hewlett Packard Enterprise (NYSE:HPE) in the 4th quarter, Holdings Channel.com reports. The fund acquired 19,170 shares of the technology company’s stock, valued at approximately $409,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $292,959,000. Norges Bank acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $119,067,000. Slate Path Capital LP raised its holdings in shares of Hewlett Packard Enterprise by 44.8% in the fourth quarter. Slate Path Capital LP now owns 12,689,164 shares of the technology company’s stock valued at $270,914,000 after purchasing an additional 3,924,039 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Hewlett Packard Enterprise by 24.7% in the fourth quarter. Northern Trust Corp now owns 16,184,240 shares of the technology company’s stock valued at $345,534,000 after purchasing an additional 3,208,424 shares during the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $60,040,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Stock Down 1.2%

HPE stock opened at $17.63 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The stock has a market capitalization of $23.16 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 2.03 and a beta of 1.29. The business’s fifty day moving average price is $15.61 and its two-hundred day moving average price is $19.40. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, March 21st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Friday, March 21st. Hewlett Packard Enterprise’s payout ratio is 25.37%.

Insider Buying and Selling

In related news, Director Bethany Mayer sold 6,409 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $13.19, for a total value of $84,534.71. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.36% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Daiwa Capital Markets downgraded Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price objective for the company. in a report on Wednesday, March 12th. Daiwa America downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. Finally, Wells Fargo & Company cut their price objective on Hewlett Packard Enterprise from $22.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.60.

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.