Hewlett Packard Enterprise (NYSE:HPE) Stake Lessened by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. trimmed its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,499 shares of the technology company’s stock after selling 1,311 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Hewlett Packard Enterprise were worth $1,014,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. TIAA Trust National Association grew its stake in Hewlett Packard Enterprise by 5.2% in the fourth quarter. TIAA Trust National Association now owns 15,423 shares of the technology company’s stock worth $329,000 after purchasing an additional 761 shares in the last quarter. Modern Wealth Management LLC acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter worth approximately $789,000. Barnett & Company Inc. increased its holdings in shares of Hewlett Packard Enterprise by 29.2% in the 4th quarter. Barnett & Company Inc. now owns 106,858 shares of the technology company’s stock valued at $2,281,000 after acquiring an additional 24,158 shares during the last quarter. Minneapolis Portfolio Management Group LLC increased its holdings in shares of Hewlett Packard Enterprise by 2.4% in the 4th quarter. Minneapolis Portfolio Management Group LLC now owns 711,402 shares of the technology company’s stock valued at $15,188,000 after acquiring an additional 16,461 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of Hewlett Packard Enterprise by 35.3% during the 4th quarter. LPL Financial LLC now owns 2,466,235 shares of the technology company’s stock valued at $52,654,000 after acquiring an additional 643,015 shares in the last quarter. Institutional investors own 80.78% of the company’s stock.

Analyst Ratings Changes

HPE has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Thursday, December 19th. Daiwa Capital Markets lowered shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a research note on Wednesday, March 12th. Susquehanna decreased their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Loop Capital lowered their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a report on Monday, March 10th. Finally, Daiwa America downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Hewlett Packard Enterprise has an average rating of “Moderate Buy” and a consensus target price of $21.27.

Insider Buying and Selling

In related news, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction 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 transaction, the senior vice president now directly owns 48,615 shares in the company, valued at $1,118,145. The trade was a 19.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.36% of the company’s stock.

Hewlett Packard Enterprise Trading Down 2.7 %

Shares of HPE stock opened at $16.08 on Thursday. The stock has a 50-day simple moving average of $19.85 and a 200 day simple moving average of $20.45. The stock has a market capitalization of $21.12 billion, a P/E ratio of 8.46, a P/E/G 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 quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.52 annualized dividend and a dividend yield of 3.23%. Hewlett Packard Enterprise’s dividend 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.