Daiwa Securities Group Inc. Grows Position in Hewlett Packard Enterprise (NYSE:HPE)

Daiwa Securities Group Inc. increased its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 9.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 148,414 shares of the technology company’s stock after purchasing an additional 12,388 shares during the period. Daiwa Securities Group Inc.’s holdings in Hewlett Packard Enterprise were worth $3,142,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of HPE. Nordea Investment Management AB grew its stake in shares of Hewlett Packard Enterprise by 12.3% in the first quarter. Nordea Investment Management AB now owns 4,723,120 shares of the technology company’s stock worth $84,166,000 after acquiring an additional 517,734 shares during the period. Sei Investments Co. grew its position in Hewlett Packard Enterprise by 56.1% in the 1st quarter. Sei Investments Co. now owns 1,322,885 shares of the technology company’s stock worth $23,455,000 after purchasing an additional 475,397 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Hewlett Packard Enterprise by 5.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,855,377 shares of the technology company’s stock valued at $68,356,000 after buying an additional 196,112 shares during the last quarter. Cetera Investment Advisers raised its stake in Hewlett Packard Enterprise by 455.7% during the 1st quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company’s stock valued at $2,149,000 after buying an additional 99,394 shares during the last quarter. Finally, Guidance Capital Inc. bought a new position in shares of Hewlett Packard Enterprise during the 1st quarter valued at $931,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Shares of NYSE HPE opened at $16.87 on Friday. The stock has a market cap of $21.92 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 2.20 and a beta of 1.19. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. The firm has a fifty day moving average price of $19.05 and a 200-day moving average price of $18.51. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.62.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. The business had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same quarter in the prior year, the business posted $0.35 EPS. Hewlett Packard Enterprise’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities analysts anticipate that Hewlett Packard Enterprise will post 1.59 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 3.08%. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.96%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Susquehanna reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a report on Friday, September 6th. Evercore ISI upped their price target on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company an “in-line” rating in a research report on Wednesday, June 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a research note on Thursday, June 20th. Barclays boosted their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. Finally, StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $20.83.

Hewlett Packard Enterprise Company 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.