Nissay Asset Management Corp Japan ADV Grows Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Nissay Asset Management Corp Japan ADV grew its holdings in Hewlett Packard Enterprise (NYSE:HPE) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 165,195 shares of the technology company’s stock after purchasing an additional 1,139 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Hewlett Packard Enterprise were worth $3,576,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hara Capital LLC purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at $28,000. Tandem Financial LLC purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at $32,000. Conquis Financial LLC purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at $41,000. R Squared Ltd purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at $45,000. Finally, Tompkins Financial Corp increased its stake in shares of Hewlett Packard Enterprise by 397.9% during the fourth quarter. Tompkins Financial Corp now owns 2,878 shares of the technology company’s stock valued at $61,000 after buying an additional 2,300 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Insider Transactions at Hewlett Packard Enterprise

In other news, Director Bethany Mayer sold 6,409 shares of the business’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

HPE has been the topic of several research reports. StockNews.com lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Barclays cut their price target on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Daiwa Capital Markets lowered Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research note on Wednesday, March 12th. Daiwa America lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Finally, Morgan Stanley lowered Hewlett Packard Enterprise from an “overweight” rating to an “equal weight” rating and set a $14.00 target price on the stock. in a research note on Tuesday, April 8th. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average target price of $20.60.

Hewlett Packard Enterprise Price Performance

HPE opened at $17.76 on Friday. Hewlett Packard Enterprise has a 1 year low of $11.97 and a 1 year high of $24.66. The firm has a market capitalization of $23.32 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.99. The business’s 50-day moving average is $15.66 and its two-hundred day moving average is $19.39.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, March 21st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.93%. Hewlett Packard Enterprise’s payout ratio is 25.37%.

About Hewlett Packard Enterprise

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.