State of Alaska Department of Revenue decreased its stake in Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 8.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 557,384 shares of the technology company’s stock after selling 53,145 shares during the period. State of Alaska Department of Revenue’s holdings in Hewlett Packard Enterprise were worth $9,313,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Financial Management Professionals Inc. raised its position in shares of Hewlett Packard Enterprise by 155.9% during the fourth quarter. Financial Management Professionals Inc. now owns 1,617 shares of the technology company’s stock worth $26,000 after acquiring an additional 985 shares during the last quarter. Elmwood Wealth Management Inc. bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth about $28,000. Delos Wealth Advisors LLC bought a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth about $33,000. Evoke Wealth LLC boosted its position in shares of Hewlett Packard Enterprise by 125.0% during the fourth quarter. Evoke Wealth LLC now owns 2,221 shares of the technology company’s stock worth $35,000 after buying an additional 1,234 shares during the period. Finally, Cornerstone Advisory LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter worth about $44,000. 82.70% of the stock is currently owned by institutional investors and hedge funds.
Hewlett Packard Enterprise stock opened at $14.06 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.64 and a debt-to-equity ratio of 0.43. Hewlett Packard Enterprise has a 1-year low of $12.99 and a 1-year high of $17.76. The firm has a 50-day moving average of $15.13 and a 200-day moving average of $15.97. The firm has a market cap of $18.27 billion, a P/E ratio of 5.06, a P/E/G ratio of 3.13 and a beta of 1.15.
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last announced its quarterly earnings results on Wednesday, June 1st. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.06). Hewlett Packard Enterprise had a net margin of 13.28% and a return on equity of 19.01%. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.80 billion. During the same period last year, the business earned $0.19 EPS. Hewlett Packard Enterprise’s revenue was up .0% on a year-over-year basis. Research analysts forecast that Hewlett Packard Enterprise will post 1.2 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 8th. Shareholders of record on Monday, June 13th will be issued a $0.12 dividend. The ex-dividend date is Friday, June 10th. This represents a $0.48 dividend on an annualized basis and a yield of 3.41%. Hewlett Packard Enterprise’s dividend payout ratio is currently 17.27%.
A number of analysts have recently issued reports on the company. Morgan Stanley cut Hewlett Packard Enterprise from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $17.00 to $15.00 in a research report on Tuesday, April 12th. They noted that the move was a valuation call. JPMorgan Chase & Co. lowered their target price on Hewlett Packard Enterprise from $20.00 to $18.00 in a research note on Wednesday, May 25th. StockNews.com lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Monday, June 6th. Barclays decreased their price target on Hewlett Packard Enterprise from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, June 2nd. Finally, Bank of America downgraded Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and cut their price objective for the company from $19.00 to $16.00 in a report on Friday, May 20th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.50.
In other news, EVP Alan Richard May sold 94,705 shares of the stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $15.08, for a total value of $1,428,151.40. Following the sale, the executive vice president now owns 310,500 shares in the company, valued at $4,682,340. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas E. Black, Jr. sold 28,347 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $15.26, for a total transaction of $432,575.22. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.
About Hewlett Packard Enterprise (Get Rating)
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. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.
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