Sumitomo Life Insurance Co. Has $893,000 Stake in Hewlett Packard Enterprise Company (HPE)

Sumitomo Life Insurance Co. raised its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 4.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,834 shares of the technology company’s stock after buying an additional 2,268 shares during the period. Sumitomo Life Insurance Co.’s holdings in Hewlett Packard Enterprise were worth $893,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of HPE. Heritage Investors Management Corp boosted its position in shares of Hewlett Packard Enterprise by 2.4% in the first quarter. Heritage Investors Management Corp now owns 247,068 shares of the technology company’s stock worth $5,856,000 after buying an additional 5,900 shares during the period. First National Bank & Trust Co. of Newtown boosted its position in shares of Hewlett Packard Enterprise by 0.3% in the first quarter. First National Bank & Trust Co. of Newtown now owns 31,911 shares of the technology company’s stock worth $756,000 after buying an additional 80 shares during the period. BLB&B Advisors LLC acquired a new position in shares of Hewlett Packard Enterprise during the first quarter worth $247,000. Capstone Asset Management Co. boosted its position in shares of Hewlett Packard Enterprise by 1.7% in the first quarter. Capstone Asset Management Co. now owns 146,183 shares of the technology company’s stock worth $3,465,000 after buying an additional 2,384 shares during the period. Finally, Spirit of America Management Corp NY boosted its position in shares of Hewlett Packard Enterprise by 30.0% in the first quarter. Spirit of America Management Corp NY now owns 14,300 shares of the technology company’s stock worth $339,000 after buying an additional 3,300 shares during the period. 80.31% of the stock is owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Company (HPE) traded up 1.05% during trading on Friday, hitting $17.30. 5,279,450 shares of the company traded hands. Hewlett Packard Enterprise Company has a one year low of $15.46 and a one year high of $19.16. The firm has a market cap of $28.42 billion, a P/E ratio of 13.12 and a beta of 2.74. The firm has a 50 day moving average of $17.21 and a 200 day moving average of $17.62.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Wednesday, May 31st. The technology company reported $0.35 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. The company had revenue of $9.90 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same quarter in the prior year, the business posted $0.42 EPS. Hewlett Packard Enterprise’s quarterly revenue was down 22.1% on a year-over-year basis. On average, analysts expect that Hewlett Packard Enterprise Company will post $1.45 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.26 annualized dividend and a dividend yield of 1.50%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 20.16%.

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A number of brokerages have recently weighed in on HPE. Stifel Nicolaus reissued a “hold” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, May 26th. Robert W. Baird reaffirmed a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Thursday, June 1st. Credit Suisse Group reaffirmed a “buy” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a research note on Tuesday, May 23rd. Barclays PLC lowered their target price on shares of Hewlett Packard Enterprise from $21.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, May 10th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $22.00 target price on shares of Hewlett Packard Enterprise in a research note on Saturday, July 22nd. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $21.87.

In other news, SVP Jeff T. Ricci sold 6,460 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $18.99, for a total transaction of $122,675.40. Following the transaction, the senior vice president now owns 10,352 shares in the company, valued at approximately $196,584.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Kirt P. Karros sold 20,344 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $18.90, for a total transaction of $384,501.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,612,328 shares of company stock worth $28,048,424. 0.87% of the stock is currently owned by company insiders.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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