Mizuho Markets Americas LLC Purchases Shares of 5,141,028 Hewlett Packard Enterprise (NYSE:HPE)

Mizuho Markets Americas LLC acquired a new position in Hewlett Packard Enterprise (NYSE:HPE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,141,028 shares of the technology company’s stock, valued at approximately $105,185,000. Hewlett Packard Enterprise makes up 2.2% of Mizuho Markets Americas LLC’s portfolio, making the stock its 12th largest holding.

Several other large investors also recently made changes to their positions in the business. Valley Wealth Managers Inc. purchased a new stake in Hewlett Packard Enterprise during the 3rd quarter worth $26,000. Empirical Finance LLC lifted its stake in shares of Hewlett Packard Enterprise by 2.1% during the third quarter. Empirical Finance LLC now owns 44,509 shares of the technology company’s stock worth $911,000 after purchasing an additional 925 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Hewlett Packard Enterprise by 366.4% in the third quarter. Empowered Funds LLC now owns 515,528 shares of the technology company’s stock worth $10,548,000 after buying an additional 405,000 shares during the period. CIBC Asset Management Inc grew its stake in shares of Hewlett Packard Enterprise by 7.0% in the third quarter. CIBC Asset Management Inc now owns 221,562 shares of the technology company’s stock valued at $4,533,000 after buying an additional 14,493 shares in the last quarter. Finally, Impax Asset Management Group plc raised its holdings in shares of Hewlett Packard Enterprise by 58.9% during the 3rd quarter. Impax Asset Management Group plc now owns 45,139 shares of the technology company’s stock valued at $924,000 after buying an additional 16,739 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on HPE shares. Loop Capital increased their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Susquehanna reaffirmed a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 9th. They issued a “hold” rating and a $22.00 price objective for the company. Citigroup assumed coverage on Hewlett Packard Enterprise in a research report on Monday, September 23rd. They set a “neutral” rating and a $20.00 target price on the stock. Finally, Bank of America raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price target for the company from $21.00 to $24.00 in a report on Tuesday, September 17th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Hold” and an average target price of $21.46.

Hewlett Packard Enterprise Stock Performance

HPE stock opened at $21.07 on Friday. The stock’s 50 day simple moving average is $19.87 and its 200 day simple moving average is $19.43. Hewlett Packard Enterprise has a 12-month low of $14.47 and a 12-month high of $22.82. The firm has a market cap of $27.36 billion, a P/E ratio of 15.05, a P/E/G 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 (NYSE:HPE) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The company had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.67 billion. During the same period in the prior year, the company earned $0.35 earnings per share. The firm’s revenue was up 10.1% compared to the same quarter last year. As a group, equities research analysts predict that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Dividend Announcement

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

Insider Activity

In related news, SVP Jeremy Cox sold 7,770 shares of the stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $21.00, for a total value of $163,170.00. Following the sale, the senior vice president now owns 7,771 shares of the company’s stock, valued at $163,191. This trade represents a 50.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction dated 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 owns 82,061 shares in the company, valued at approximately $1,395,037. This represents a 26.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 426,012 shares of company stock valued at $8,599,617. 0.40% of the stock is currently owned by insiders.

Hewlett Packard Enterprise 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.