Mitsubishi UFJ Asset Management Co. Ltd. Purchases Shares of 3,294,409 Hewlett Packard Enterprise Company $HPE

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Hewlett Packard Enterprise Company (NYSE:HPE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,294,409 shares of the technology company’s stock, valued at approximately $148,611,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.25% of Hewlett Packard Enterprise as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HPE. Headlands Technologies LLC purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter worth $26,000. SJS Investment Consulting Inc. increased its holdings in shares of Hewlett Packard Enterprise by 159.5% in the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock worth $28,000 after purchasing an additional 716 shares during the last quarter. Union Savings Bank bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth about $30,000. Reflection Asset Management purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth about $31,000. Finally, WealthCollab LLC lifted its position in shares of Hewlett Packard Enterprise by 121.8% in the fourth quarter. WealthCollab LLC now owns 1,657 shares of the technology company’s stock worth $40,000 after buying an additional 910 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Trading Down 3.4%

HPE stock opened at $55.68 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. Hewlett Packard Enterprise Company has a twelve month low of $19.84 and a twelve month high of $64.25. The stock has a market capitalization of $73.73 billion, a price-to-earnings ratio of 52.04, a price-to-earnings-growth ratio of 0.63 and a beta of 1.42. The firm’s fifty day simple moving average is $48.52 and its two-hundred day simple moving average is $35.13.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. The firm had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The firm’s revenue for the quarter was up 40.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.82) EPS. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. As a group, analysts anticipate that Hewlett Packard Enterprise Company will post 2.9 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 16th were paid a dividend of $0.1425 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.0%. Hewlett Packard Enterprise’s dividend payout ratio is currently 53.27%.

Insider Activity at Hewlett Packard Enterprise

In other news, SVP Kirt P. Karros sold 18,785 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value of $911,072.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on HPE. Truist Financial reaffirmed a “buy” rating and set a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Raymond James Financial boosted their price target on shares of Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 2nd. Wall Street Zen raised shares of Hewlett Packard Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. JPMorgan Chase & Co. increased their price objective on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Finally, Citigroup lifted their price objective on shares of Hewlett Packard Enterprise from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and a consensus target price of $69.80.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.