State of Alaska Department of Revenue lowered its stake in Hewlett Packard Enterprise (NYSE:HPE – Get Rating) by 2.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 493,304 shares of the technology company’s stock after selling 12,825 shares during the quarter. State of Alaska Department of Revenue’s holdings in Hewlett Packard Enterprise were worth $7,872,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV lifted its stake in Hewlett Packard Enterprise by 66.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,062 shares of the technology company’s stock valued at $25,000 after buying an additional 821 shares in the last quarter. Old North State Trust LLC purchased a new position in shares of Hewlett Packard Enterprise during the 3rd quarter worth $25,000. Horan Securities Inc. lifted its stake in shares of Hewlett Packard Enterprise by 211.8% during the 3rd quarter. Horan Securities Inc. now owns 2,214 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,504 shares during the period. Dupont Capital Management Corp lifted its stake in shares of Hewlett Packard Enterprise by 77.9% during the 3rd quarter. Dupont Capital Management Corp now owns 2,512 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,100 shares during the period. Finally, Independence Bank of Kentucky purchased a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 81.36% of the company’s stock.
Hewlett Packard Enterprise Stock Up 2.1 %
Shares of NYSE HPE opened at $14.75 on Wednesday. Hewlett Packard Enterprise has a 12-month low of $11.90 and a 12-month high of $17.66. The company has a market cap of $19.11 billion, a P/E ratio of 22.69, a P/E/G ratio of 2.15 and a beta of 1.23. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.38. The stock has a fifty day moving average price of $15.73 and a 200 day moving average price of $14.92.
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last announced its quarterly earnings results on Thursday, March 2nd. The technology company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. Hewlett Packard Enterprise had a return on equity of 4.22% and a net margin of 2.92%. The firm had revenue of $7.81 billion during the quarter, compared to the consensus estimate of $7.40 billion. During the same period in the prior year, the firm earned $0.39 EPS. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. Research analysts anticipate that Hewlett Packard Enterprise will post 1.3 EPS for the current fiscal year.
Hewlett Packard Enterprise Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 17th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $0.48 annualized dividend and a dividend yield of 3.25%. Hewlett Packard Enterprise’s dividend payout ratio is presently 73.85%.
Insider Activity
In other news, EVP Phil Mottram sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $16.50, for a total transaction of $82,500.00. Following the completion of the sale, the executive vice president now directly owns 34,764 shares in the company, valued at $573,606. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Phil Mottram sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $16.50, for a total transaction of $82,500.00. Following the completion of the sale, the executive vice president now directly owns 34,764 shares in the company, valued at $573,606. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jean M. Hobby sold 10,000 shares of the stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $15.28, for a total transaction of $152,800.00. Following the transaction, the director now directly owns 46,161 shares in the company, valued at approximately $705,340.08. The disclosure for this sale can be found here. Insiders sold 799,621 shares of company stock worth $12,178,761 over the last ninety days. Corporate insiders own 0.53% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on HPE shares. JPMorgan Chase & Co. increased their price target on Hewlett Packard Enterprise from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 20th. Citigroup increased their target price on Hewlett Packard Enterprise from $13.00 to $14.00 in a research report on Friday, March 3rd. Deutsche Bank Aktiengesellschaft increased their target price on Hewlett Packard Enterprise from $15.00 to $16.00 in a research report on Wednesday, November 30th. StockNews.com initiated coverage on Hewlett Packard Enterprise in a research report on Thursday, March 16th. They issued a “buy” rating on the stock. Finally, Credit Suisse Group increased their target price on Hewlett Packard Enterprise to $19.00 in a research report on Friday, December 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.77.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Co is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Compute, High Performance Computing & Artificial Intelligence (HPC & AI), Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.
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