State of Alaska Department of Revenue trimmed its position in Hewlett Packard Enterprise Co (NYSE:HPE) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 316,179 shares of the technology company’s stock after selling 5,890 shares during the quarter. State of Alaska Department of Revenue’s holdings in Hewlett Packard Enterprise were worth $5,155,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Cornerstone Wealth Management LLC purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $525,000. Highlander Capital Management LLC purchased a new position in shares of Hewlett Packard Enterprise in the 1st quarter valued at $148,000. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Hewlett Packard Enterprise by 16,531.4% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,482 shares of the technology company’s stock valued at $124,000 after buying an additional 8,431 shares during the last quarter. North Star Investment Management Corp. purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $150,000. Finally, Farmers Trust Co. purchased a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at $150,000. Institutional investors and hedge funds own 82.77% of the company’s stock.
In other news, insider Keerti Melkote sold 87,113 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $15.96, for a total value of $1,390,323.48. Following the completion of the sale, the insider now owns 102,283 shares in the company, valued at approximately $1,632,436.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Antonio F. Neri sold 82,893 shares of the firm’s stock in a transaction on Friday, September 21st. The stock was sold at an average price of $17.00, for a total transaction of $1,409,181.00. Following the completion of the sale, the insider now owns 87,828 shares of the company’s stock, valued at approximately $1,493,076. The disclosure for this sale can be found here. Insiders sold a total of 685,704 shares of company stock valued at $11,342,061 in the last 90 days. Company insiders own 1.18% of the company’s stock.
A number of research analysts recently commented on HPE shares. Deutsche Bank increased their target price on shares of Hewlett Packard Enterprise from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, August 29th. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Thursday, August 30th. Oppenheimer set a $20.00 price objective on shares of Hewlett Packard Enterprise and gave the stock a “buy” rating in a research report on Tuesday, August 28th. UBS Group began coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, September 26th. They set a “hold” rating and a $17.00 price objective on the stock. Finally, Raymond James lowered their price objective on shares of Hewlett Packard Enterprise from $24.00 to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 29th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $17.83.
Shares of Hewlett Packard Enterprise stock opened at $15.42 on Friday. Hewlett Packard Enterprise Co has a 1 year low of $12.81 and a 1 year high of $19.48. The firm has a market cap of $24.00 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 1.09 and a beta of 1.77. The company has a current ratio of 1.00, a quick ratio of 0.84 and a debt-to-equity ratio of 0.42.
Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, August 28th. The technology company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Hewlett Packard Enterprise had a net margin of 10.43% and a return on equity of 9.38%. The company had revenue of $7.76 billion during the quarter, compared to analysts’ expectations of $7.67 billion. During the same quarter last year, the business earned $0.30 EPS. The business’s revenue was up 3.5% on a year-over-year basis. On average, research analysts forecast that Hewlett Packard Enterprise Co will post 1.54 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Wednesday, December 12th will be paid a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 46.88%.
About Hewlett Packard Enterprise
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, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.
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