Hewlett Packard Enterprise (NYSE:HPE) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its position in Hewlett Packard Enterprise (NYSE:HPE) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 416,960 shares of the technology company’s stock after purchasing an additional 2,475 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Hewlett Packard Enterprise were worth $8,902,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HPE. Hara Capital LLC acquired a new stake in Hewlett Packard Enterprise in the 4th quarter valued at approximately $28,000. Tandem Financial LLC bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter worth $32,000. R Squared Ltd acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at $45,000. Tompkins Financial Corp raised 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 purchasing an additional 2,300 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in Hewlett Packard Enterprise in the fourth quarter worth about $68,000. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $15.51 on Tuesday. Hewlett Packard Enterprise has a fifty-two week low of $14.64 and a fifty-two week high of $24.66. The firm’s 50 day simple moving average is $19.40 and its 200-day simple moving average is $20.45. 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 company has a market cap of $20.37 billion, a P/E ratio of 8.16, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.35%. The ex-dividend date is Friday, March 21st. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 25.37%.

Analyst Ratings Changes

HPE has been the topic of a number of recent analyst reports. Susquehanna reduced their price target on shares of Hewlett Packard Enterprise from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Daiwa America downgraded Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Bank of America lowered their price target on Hewlett Packard Enterprise from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Stifel Nicolaus upped their price objective on Hewlett Packard Enterprise from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Loop Capital decreased their target price on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a research note on Monday, March 10th. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of “Moderate Buy” and an average price target of $21.27.

Insider Activity

In related news, SVP Jeremy Cox sold 11,577 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $23.00, for a total transaction of $266,271.00. Following the transaction, the senior vice president now directly owns 48,615 shares of the company’s stock, valued at approximately $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.36% of the company’s stock.

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.