State Treasurer State of Michigan decreased its holdings in shares of Hewlett Packard Enterprise Co (NYSE:HPE) by 2.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 396,797 shares of the technology company’s stock after selling 10,600 shares during the period. State Treasurer State of Michigan’s holdings in Hewlett Packard Enterprise were worth $6,123,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in HPE. Boston Partners raised its stake in Hewlett Packard Enterprise by 197.6% during the first quarter. Boston Partners now owns 28,872,991 shares of the technology company’s stock worth $445,510,000 after acquiring an additional 19,172,670 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Hewlett Packard Enterprise by 1,735.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 15,653,295 shares of the technology company’s stock valued at $1,185,000 after purchasing an additional 14,800,633 shares during the period. Norges Bank acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $153,699,000. Cambiar Investors LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $28,974,000. Finally, Deutsche Bank AG increased its stake in shares of Hewlett Packard Enterprise by 35.5% in the fourth quarter. Deutsche Bank AG now owns 7,464,437 shares of the technology company’s stock valued at $98,595,000 after purchasing an additional 1,955,359 shares during the period. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Hewlett Packard Enterprise stock opened at $14.24 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $19.51 billion, a PE ratio of 9.13, a P/E/G ratio of 1.36 and a beta of 1.55. Hewlett Packard Enterprise Co has a 12-month low of $12.09 and a 12-month high of $17.76.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Thursday, February 21st. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.07. The business had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.68 billion. Hewlett Packard Enterprise had a net margin of 2.11% and a return on equity of 11.31%. During the same period last year, the firm posted $0.34 earnings per share. As a group, sell-side analysts anticipate that Hewlett Packard Enterprise Co will post 1.64 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be issued a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Tuesday, June 11th. Hewlett Packard Enterprise’s payout ratio is 28.85%.
Several brokerages have commented on HPE. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Tuesday, February 26th. Daiwa Capital Markets began coverage on shares of Hewlett Packard Enterprise in a research note on Monday, April 1st. They issued a “hold” rating and a $16.00 price target on the stock. BMO Capital Markets restated a “hold” rating and issued a $16.00 price target on shares of Hewlett Packard Enterprise in a research note on Thursday, February 21st. ValuEngine lowered shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $15.00 price target (down previously from $21.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday, January 16th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $16.92.
In other Hewlett Packard Enterprise news, insider Philip Davis sold 13,974 shares of the stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $16.50, for a total value of $230,571.00. Following the completion of the sale, the insider now owns 16,412 shares in the company, valued at approximately $270,798. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Antonio F. Neri sold 398,145 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $16.50, for a total transaction of $6,569,392.50. Following the completion of the sale, the insider now owns 4,936 shares of the company’s stock, valued at approximately $81,444. The disclosure for this sale can be found here. Insiders have sold 2,251,562 shares of company stock valued at $37,016,136 over the last 90 days. 0.56% of the stock is currently owned by insiders.
Hewlett Packard Enterprise Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
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