Nomura Asset Management Co. Ltd. boosted its position in Hewlett Packard Enterprise (NYSE:HPE) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 250,857 shares of the technology company’s stock after buying an additional 6,219 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Hewlett Packard Enterprise were worth $3,602,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. BB&T Securities LLC acquired a new stake in Hewlett Packard Enterprise in the third quarter worth $156,000. Daiwa SB Investments Ltd. bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth $156,000. Clear Harbor Asset Management LLC bought a new position in Hewlett Packard Enterprise during the fourth quarter valued at about $158,000. Empirical Financial Services LLC bought a new position in Hewlett Packard Enterprise during the fourth quarter valued at about $159,000. Finally, KCS Wealth Advisory bought a new position in Hewlett Packard Enterprise during the fourth quarter valued at about $161,000. Institutional investors own 82.97% of the company’s stock.
Shares of HPE stock traded down $0.01 on Wednesday, hitting $18.77. The stock had a trading volume of 3,056,061 shares, compared to its average volume of 12,805,272. The company has a market cap of $29,302.90, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.57 and a beta of 1.82. The company has a quick ratio of 0.93, a current ratio of 1.06 and a debt-to-equity ratio of 0.42. Hewlett Packard Enterprise has a one year low of $12.69 and a one year high of $19.48.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $0.30 annualized dividend and a dividend yield of 1.60%. Hewlett Packard Enterprise’s dividend payout ratio is presently 31.91%.
Hewlett Packard Enterprise declared that its board has approved a stock buyback program on Thursday, February 22nd that permits the company to buyback $5.50 billion in outstanding shares. This buyback authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
A number of research firms recently weighed in on HPE. Loop Capital upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Tuesday, February 20th. UBS reaffirmed a “hold” rating and set a $15.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Royal Bank of Canada reissued a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Robert W. Baird reissued a “hold” rating and issued a $15.00 price objective on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $17.00 target price on shares of Hewlett Packard Enterprise in a report on Wednesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $17.46.
In other Hewlett Packard Enterprise news, EVP Henry Gomez sold 805,214 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $16.58, for a total transaction of $13,350,448.12. Following the transaction, the executive vice president now owns 363,278 shares of the company’s stock, valued at approximately $6,023,149.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Alan Richard May sold 49,921 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $15.00, for a total transaction of $748,815.00. Following the transaction, the executive vice president now directly owns 50,158 shares in the company, valued at approximately $752,370. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,760,834 shares of company stock valued at $49,109,532. 1.18% of the stock is currently owned by company insiders.
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Hewlett Packard Enterprise Company Profile
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).
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