Alaska Permanent Fund Corp Has $2.53 Million Stock Position in Hewlett Packard Enterprise (NYSE:HPE)

Alaska Permanent Fund Corp increased its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 148,693 shares of the technology company’s stock after acquiring an additional 993 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Hewlett Packard Enterprise were worth $2,525,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter worth $31,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $33,000. Salem Investment Counselors Inc. raised its stake in shares of Hewlett Packard Enterprise by 180.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock valued at $33,000 after purchasing an additional 1,261 shares during the period. ORG Partners LLC raised its stake in shares of Hewlett Packard Enterprise by 111.4% in the 4th quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock valued at $44,000 after purchasing an additional 1,378 shares during the period. Finally, NBC Securities Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $52,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

Hewlett Packard Enterprise stock traded down $0.01 during midday trading on Thursday, reaching $16.92. 584,757 shares of the company’s stock were exchanged, compared to its average volume of 14,850,277. Hewlett Packard Enterprise has a 52 week low of $13.65 and a 52 week high of $20.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.89. The firm has a market cap of $22.00 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 3.11 and a beta of 1.21. The stock’s 50-day simple moving average is $16.96 and its 200 day simple moving average is $16.40.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The business had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $7.09 billion. During the same quarter last year, the company posted $0.38 earnings per share. Hewlett Packard Enterprise’s quarterly revenue was down 13.5% on a year-over-year basis. On average, analysts expect that Hewlett Packard Enterprise will post 1.4 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Thursday, March 14th. Hewlett Packard Enterprise’s payout ratio is currently 35.86%.

Analyst Ratings Changes

Several analysts have issued reports on HPE shares. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Sanford C. Bernstein downgraded Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $20.00 to $17.00 in a research note on Tuesday, January 16th. Morgan Stanley lifted their price target on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Barclays decreased their price objective on Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Friday, March 1st. Finally, Stifel Nicolaus decreased their price objective on Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating for the company in a report on Friday, March 1st. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average target price of $17.91.

Hewlett Packard Enterprise Company 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.