Sumitomo Mitsui Trust Holdings Inc. raised its stake in Hewlett Packard Enterprise by 5.4% in the first quarter, now owning 3,855,377 shares worth $68,356,000. Other investors like Whittier Trust Co. of Nevada Inc. and Verdence Capital Advisors LLC also increased their positions in the company. Wall Street analysts have given various ratings to the stock, with an average price target of $21.08. Internal activity at Hewlett Packard Enterprise shows that senior executives have been selling shares recently. The stock currently trades around $20.55 on the New York Stock Exchange, with a market cap of $26.71 billion. The company reported better-than-expected earnings in June, with a revenue increase of 3.3% year over year. They also announced a quarterly dividend of $0.13 to be paid in July. Hewlett Packard Enterprise operates in six segments, focusing on providing data solutions across different regions. For more information on hedge funds owning HPE stock, visit HoldingsChannel.com. Investors can sign up for a daily email newsletter from MarketBeat.com for updates on Hewlett Packard Enterprise and related companies.
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https://www.defenseworld.net/2024/07/06/sumitomo-mitsui-trust-holdings-inc-boosts-stock-holdings-in-hewlett-packard-enterprise-nysehpe.html
Sumitomo Mitsui Trust Holdings Inc. Increases Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)
