Tokio Marine Asset Management Co. Ltd. Has $782,000 Position in Hewlett Packard Enterprise (NYSE:HPE)

Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE) by 7.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 38,231 shares of the technology company’s stock after buying an additional 2,518 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Hewlett Packard Enterprise were worth $782,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of HPE. Capital Investment Counsel Inc grew its position in shares of Hewlett Packard Enterprise by 1.2% in the second quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company’s stock valued at $874,000 after purchasing an additional 500 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Hewlett Packard Enterprise by 4.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 10,933 shares of the technology company’s stock valued at $231,000 after buying an additional 501 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Hewlett Packard Enterprise by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 111,617 shares of the technology company’s stock valued at $2,363,000 after buying an additional 536 shares in the last quarter. Bailard Inc. increased its position in Hewlett Packard Enterprise by 1.7% during the 2nd quarter. Bailard Inc. now owns 35,349 shares of the technology company’s stock worth $748,000 after buying an additional 580 shares during the period. Finally, Werba Rubin Papier Wealth Management lifted its holdings in shares of Hewlett Packard Enterprise by 2.5% during the third quarter. Werba Rubin Papier Wealth Management now owns 23,583 shares of the technology company’s stock worth $483,000 after buying an additional 581 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Down 1.3 %

Shares of NYSE HPE opened at $21.07 on Friday. The company has a market cap of $27.36 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 3.39 and a beta of 1.19. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82. The stock has a 50-day moving average price of $19.80 and a two-hundred day moving average price of $19.40.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data 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. The business had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. As a group, analysts forecast that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is 37.14%.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 7,770 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the completion of the sale, the senior vice president now owns 7,771 shares in the company, valued at $163,191. The trade was a 50.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 13th. The shares were sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at approximately $1,395,037. This trade represents a 26.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 426,012 shares of company stock worth $8,599,617. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Susquehanna reaffirmed a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Barclays upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $20.00 to $24.00 in a research report on Wednesday, September 25th. Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price target for the stock from $21.00 to $24.00 in a research report on Tuesday, September 17th. UBS Group lifted their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Finally, Citigroup started coverage on Hewlett Packard Enterprise in a research report on Monday, September 23rd. They set a “neutral” rating and a $20.00 target price for the company. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.46.

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.