Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Hewlett Packard Enterprise shares by 8.7% in the fourth quarter, according to a recent disclosure with the Securities and Exchange Commission. The company now owns 1,360,638 shares of the technology company worth $23,185,000 at the end of the quarter. Additionally, several other large investors have also either increased or decreased their holdings in HPE.
In internal activity, SVP Jeremy Cox sold 18,323 shares of the company’s stock at an average price of $16.96, totaling $310,758.08. Following the sale, Cox now owns 15,541 shares in the company. Analysts have recently commented on HPE stock, with StockNews.com downgrading it from a “buy” rating to a “hold” rating.
Hewlett Packard Enterprise shares fell by 0.2%, trading down to $17.86 on the New York Stock Exchange. The company has a market capitalization of $23.22 billion, with a P/E ratio of 12.34 and a beta of 1.20. Hewlett Packard Enterprise last posted its earnings results on Thursday, February 29th, beating the consensus estimate. The company also announced a quarterly dividend, with an annualized yield of 2.91%.
Company Profile Hewlett Packard Enterprise offers solutions for customers to capture, analyze, and act on data across various regions. It operates in six segments: Computing, HPC and Artificial Intelligence, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Others.
Overall, Hewlett Packard Enterprise is seen as a hold by analysts with a consensus rating of “Hold” and an average price target of $17.91. The company’s financial results have shown a decrease in revenue compared to the same quarter last year, but it is expected to post 1.4 earnings per share for the current year. Institutional investors own 80.78% of the company’s shares.
In conclusion, Hewlett Packard Enterprise continues to navigate the market with a mix of investor activities, internal sell-offs, and analyst assessments that contribute to its overall standing in the technology sector.
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https://www.marketbeat.com/instant-alerts/nyse-hpe-sec-filing-2024-05-17/
