Dai ichi Life Insurance Company Ltd Sells 1,867 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Dai ichi Life Insurance Company Ltd decreased its stake in Hewlett Packard Enterprise (NYSE:HPE) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 102,963 shares of the technology company’s stock after selling 1,867 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Hewlett Packard Enterprise were worth $2,107,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Investment Counsel Inc raised its holdings in shares of Hewlett Packard Enterprise by 1.2% in the 2nd quarter. Capital Investment Counsel Inc now owns 41,269 shares of the technology company’s stock worth $874,000 after purchasing an additional 500 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Hewlett Packard Enterprise by 4.8% in the second 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 during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Hewlett Packard Enterprise by 0.5% during 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 during the last quarter. Avior Wealth Management LLC grew its stake in shares of Hewlett Packard Enterprise by 6.4% during the 3rd quarter. Avior Wealth Management LLC now owns 9,665 shares of the technology company’s stock worth $198,000 after acquiring an additional 579 shares during the period. Finally, Bailard Inc. increased its holdings in Hewlett Packard Enterprise by 1.7% in the 2nd quarter. Bailard Inc. now owns 35,349 shares of the technology company’s stock worth $748,000 after acquiring an additional 580 shares during the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Fidelma Russo sold 55,908 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $19.99, for a total transaction of $1,117,600.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Antonio F. Neri sold 250,000 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $20.73, for a total transaction of $5,182,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,508,641 shares in the company, valued at approximately $31,274,127.93. This trade represents a 14.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 426,012 shares of company stock valued at $8,599,617. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HPE. UBS Group increased their target price on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Susquehanna reiterated a “neutral” rating and issued a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft started coverage on Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They set a “hold” rating and a $22.00 target price on the stock. Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price target for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Finally, Citigroup increased their price objective on Hewlett Packard Enterprise from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.21.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock opened at $20.82 on Thursday. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The firm’s fifty day moving average price is $20.58 and its 200-day moving average price is $19.71. The stock has a market cap of $27.04 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 3.47 and a beta of 1.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94.

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 the consensus estimate 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 firm had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts expect that Hewlett Packard Enterprise will post 1.66 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.50%. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.14%.

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.